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Conditional E-cash

  • Motorola

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

25 Scopus citations

Abstract

We introduce a novel conditional e-cash protocol allowing future anonymous cashing of bank-issued e-money only upon the satisfaction of an agreed-upon public condition. Payers are able to remunerate payees for services that depend on future, yet to be determined outcomes of events. Once payment complete, any double-spending attempt by the payer will reveal its identity; no double-spending by the payee 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.

Original languageEnglish
Title of host publicationFinancial Cryptography and Data Security - 11th International Conference, FC 2007, and 1st International Workshop on Usable Security, USEC 2007, Revised Selected Papers
PublisherSpringer Verlag
Pages15-28
Number of pages14
ISBN (Print)3540773657, 9783540773658
DOIs
StatePublished - 2007
Event11th International Confrence on Financial Cryptography and Data Security, FC 2007 and 1st International Workshop on Usable Security, USEC 2007 - Scarborough, Trinidad and Tobago
Duration: Feb 12 2007 → Feb 16 2007

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume4886 LNCS
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

Conference

Conference11th International Confrence on Financial Cryptography and Data Security, FC 2007 and 1st International Workshop on Usable Security, USEC 2007
Country/TerritoryTrinidad and Tobago
CityScarborough
Period02/12/07 → 02/16/07

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