We agree, and also think we can implement a distributed ledger in the fediverse, where one actor represents the scope of the network using the ledger, and they refer to that actor in all of their economic messages.
We also think that consensus among the participants in a particular agreement is sufficient for almost any economic resources except for global digital currencies.
Early-ish blog post about the idea: Economic Event Protocol for Distributed Ledgers — Economic Networks
We’ll try something like what Holochain does in ActivityPub, where each participant and the scope/DLT validates the message, using the REA data which has a full set of links for all info and can do a pretty good job of programmatic validating, also using the human judgment of the transaction participants.
What do y’all think? Too crazy? Just crazy enuf?