Micro-digital money for electronic commerce

Khanh Quoc Nguyen*, Yi Mu, Vijay Varadharajan

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contributionpeer-review

6 Citations (Scopus)

Abstract

This paper proposes two novel cash-based micropayment schemes based on a new technique referred to as the double-locked hash chain technique. Both schemes support divisibility and transferability of digital coins in a simpler way compared to the existing solutions. The basic scheme allows full or partial use of a coin chain in a transaction; if only part of a coin chain has been used with one vendor, the rest of the chain can be used for instance in a subsequent transaction with another vendor. The modified scheme extends this to multiple chains making the scheme particularly suitable for a large number of micropayment transactions.

Original languageEnglish
Title of host publicationAnnual Computer Security Applications Conference
Place of PublicationLos Alamitos, CA
PublisherInstitute of Electrical and Electronics Engineers (IEEE)
Pages2-8
Number of pages7
Publication statusPublished - 1997
Externally publishedYes
EventProceedings of the 1997 13th Annual Computer Security Applications Conference, ACSAC - San Diego, CA, USA
Duration: 8 Dec 199712 Dec 1997

Other

OtherProceedings of the 1997 13th Annual Computer Security Applications Conference, ACSAC
CitySan Diego, CA, USA
Period8/12/9712/12/97

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