Multi-registry system

A multi-registry system (MRS) is a scalable network design applicable to the use of multiple community currencies and similar book-keeping arrangements by a number of users identified through multiple registries. The term: multi-registry system also applies to an individual community currency operated within the context of an MRS network, where the user accounts comprising the individual currency are distributed over more than one registry.

The specific design for MRS which was originated by Richard Kay circa 1995 requires use of Internet Domain Name System (DNS) type names for objects within this network in order to guarantee globally unique object naming and to enable the routing of financial transactions carried by this network. MRS namable objects include registry and user-account identifiers and currency identifiers. The benefits of this approach to community-currency network design are considered to include unification of transaction mechanisms and user-interfaces concerned with use of multiple currency accounts, and avoidance of single points of control or failure within the community-currency transaction-processing network. This specific design also involves the use of currency audit servers, enabling the set of account-based transactions comprising a community currency to be audited as a whole.

External references

• Multi-Registry Systems home page

See also

• Local exchange trading system (LETS)
• Complementary currency