<promise> <promissor> (person's name) </promissor> <promisee> (person's name) </promissee> <value> (description of value conveyed) </value> </promise>
A Transaction would comprise two Promises. A Transaction is marked as completed when both Promises are delivered. Simple. Templates for forms of Value (such as electronic gold, paper money, electronic silver, labor/time, etc.) allow for efficient processing by banks and related financial entities. Transaction costs go down. Reporting becomes automated, standardized and simple. Conveying reputation to others for credit purposes becomes easier.