| 1 Definition | 2 Functional Requirements | 3 Syntax | 4 Semantics |
1 Definition
The Action of a User1 (“sender”) requesting that a Transaction Service:
1. Assign Rights to an Asset to User2 (“receiver”).
2. Cause:
2.1. Wallet1 of User1 to be increased by Value1.
2.2. Wallet2 of User2 to be decreased by Value2.
2.3. Wallet3 of the Service enabling/facilitating the Transaction to be increased by Value3 (optionally).
2 Functional Requirements
The Transact Process Action includes:
In the request
– Transaction Item used in transaction.
In the response
– No response elements (Transaction Service notifies).
3 Syntax
https://schemas.mpai.community/MMM4/V2.1/data/Transact.json
4 Semantics
| Label | Description |
| Header | Transact Process Action Header |
| – Standard-TransactPA | The characters “USP-TRP-V” |
| – Version | Major version – 1 or 2 characters |
| – Dot-separator | The character “.” |
| – Subversion | Minor version – 1 or 2 characters |
| MInstanceID | Identifier of M-Instance. |
| MEnvironmentID | Identifier of M-Environment. |
| TransactPAData | Data included in the Transact Process Action. |
| – Time | Time of PA request emission and Time of PA request execution. |
| – RQ-Complements | Complements in PA Request. |
| – With Transaction | A Transaction Item. |
| – RS-Complements | Complements in PA Response. |
| – With PAStatus | Status of PA Request. |
| – Ack | If PA Request could be performed. |
| – Err | If PA Request could not be performed. |
| – FaultyPA | Faulty PA Request. |
| – IncID | Incorrect ID. |
| – InsRights | Insufficient Rights. |
| – InsValue | Insufficient Value in Wallet. |
| DescMetadata | Descriptive Metadata. |
