Conditional e-payments with transferability

9 years 8 months ago
Conditional e-payments with transferability
We introduce a novel conditional e-cash protocol allowing future anonymous cashing of bank-issued e-money only upon the satisfaction of an agreedupon public condition. Payers are able to remunerate payees for services that depend on future, yet to be determined outcomes of events. Moreover, payees are able to further transfer payments to third parties. Once payment complete, any double-spending attempt by the payer will reveal its identity; no double-spending by any of payees in the payee transfer-chain is possible. Payers can not be linked to payees or to ongoing or past transactions. The flow of cash within the system is thus both correct and anonymous. We discuss several applications of conditional e-cash including online trading of financial securities, prediction markets, and betting systems.
Bogdan Carbunar, Weidong Shi, Radu Sion
Added 14 May 2011
Updated 14 May 2011
Type Journal
Year 2011
Where JPDC
Authors Bogdan Carbunar, Weidong Shi, Radu Sion
Comments (0)