Value-Exchange-System on Blockchain

[CarlFriedrichvonMises]

I recently had an idea for a system where people can exchange goods via a bill of exchange - i.e. with a promise in the form of a certificate.
Since people are comfortable today, this would only work to a limited extent in reality.
This gave rise to the idea of recording the exchange of certificates in a tamper-proof way in a blockchain.
I want to share this idea and am looking forward to your opinion.

PDF-File:
https://github.com/CarlFriedrichvonMises/Value-Exchange-System
https://codeberg.org/CarlFriedrichvonMises/Value-Exchange-System

[NotATether]

So basically, an IOU?

How are you going to put that on Bitcoin? It would mean the IOU would need to have monetary value, like a token or asset. Actually, I think you'll have to make the IOU an asset on Bitcoin in order for this to work, in a way similar to Ordinals. But I can't see who would benefit from this sort of system. Who do you have in mind to use these kind of things?

[CarlFriedrichvonMises]

As we know, it is no longer possible to exchange the money certificate issued by the state for real money (or real gold etc.).
It is more or less a promissory bill with no maturity and passed on by blank endorsement.
The connection between the real goods and the certificates issued is unclear and the money supply is uncontrolled.
The aim is to become less dependent on the use of money, at least on a small scale.

In such a system, anyone who has something of value to offer (goods, services) would be able to issue a certificate. And it would be redeemed for a real value at the latest at the end of its term.
It can also be seen as a voucher that is backed by real value.
 
This system could be used by people in a small village to exchange goods with each other. Money does not necessarily have to flow. Any value can be offered as long as the other party agrees.
The system is old and good, but cumbersome, and new technologies can make it easy to use again.

[Vod]

Since people are comfortable today, this would only work to a limited extent in reality.

Why limited extent?

Why not create a smart contract to move goods from one location to another at a certain time?   Then put the cancellation code on the certificate.

I give you the certificate as collateral for a loan.  When I pay back the loan, you return the certificate, and I can cancel the collateral. 

[linenoise]

Tokenizing real world assets is only going to be more common. For a project I was involved with, we spoke at length with lawyers on tokenization and we couldn't figure out a way to allow our project to work for the average person. Accredited investors would have been acceptable legally, yet that only applies to people with provable million+ worth of assets excluding the house.  Love how the average person can get into hundreds of thousands of debt but they can't toss $100 into a non public asset! 

If you've figured out how to get around this limitation, great!