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arXiv · 2105.10028

Escrows are optics

Fabrizio Genovese·Fosco Loregian·Daniele Palombi
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Abstract

We provide a categorical interpretation for escrows, i.e. trading protocols in trustless environment, where the exchange between two agents is mediated by a third party where the buyer locks the money until they receive the goods they want from the seller. A simplified escrow system can be modeled as a certain kind of morphism in the category of optics on a monoidal category. When objects in the base category have monoid and comonoid structures, more involved kinds of escrows `with intermediaries' can be modelled as morphisms with action-like properties.

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Fabrizio Genovese, Fosco Loregian, Daniele Palombi. 2021-05-20. Escrows are optics. https://arxiv.org/abs/2105.10028

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