Introducing events
We've seen so far that the vocabulary of business networks contains a compact set of inextricably linked concepts—participants, assets, and transactions. Though small in number, these concepts are very expressive—they contain big ideas, with many aspects to them, that support and reinforce each other.
It's not that there's something missing, but by adding one final concept—events—we're going to significantly increase the descriptive and design power of this vocabulary. The good news is that you've heard the term before, and many event-related ideas are quite obvious. But make no mistake, events are a hugely powerful concept. So, let's spend a little time mastering this topic; our investment in this topic will be handsomely rewarded.
A universal concept
We think of an event as denoting the occurrence or happening of a particular fact. For example, the following are all examples of events:
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