IEICE TRANSACTIONS on Information
Anonymous and Transferable Coins in Pay-Fair Ecommerce
Summary :
In this paper, we propose an on-line e-coin system with four parties: Consumer, Merchant, Bank and Issuer. The proposed system not only circulates anonymous e-coins but also protects the profits of the Merchant and the Consumer during a transaction. An e-coin, consisting of a secret value c and a public value c'=h(c) where h() is a secure one-way hash function with collision resistant property, is generated by its owner. The public value of a legal e-coin is published on the bulletin board of Issuer. Only the owner who releases the secret values of the published e-coins can spend money. Instead of Bank, Issuer has to be on-line to verify and replace the public values of the Consumer's e-coins with the Merchant's while the Consumer pays money to the Merchant in a transaction. Such a replacement represents that the coins are passed from one person to another.
- Publication
- IEICE TRANSACTIONS on Information Vol.E89-D No.12 pp.2950-2956
- Publication Date
- 2006/12/01
- Publicized
- Online ISSN
- 1745-1361
- DOI
- 10.1093/ietisy/e89-d.12.2950
- Type of Manuscript
- PAPER
- Category
- Application Information Security
Authors
Keyword
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Lih-Chyau WUU, Chih-Ming LIN, Wen-Fong WANG, "Anonymous and Transferable Coins in Pay-Fair Ecommerce" in IEICE TRANSACTIONS on Information,
vol. E89-D, no. 12, pp. 2950-2956, December 2006, doi: 10.1093/ietisy/e89-d.12.2950.
Abstract: In this paper, we propose an on-line e-coin system with four parties: Consumer, Merchant, Bank and Issuer. The proposed system not only circulates anonymous e-coins but also protects the profits of the Merchant and the Consumer during a transaction. An e-coin, consisting of a secret value c and a public value c'=h(c) where h() is a secure one-way hash function with collision resistant property, is generated by its owner. The public value of a legal e-coin is published on the bulletin board of Issuer. Only the owner who releases the secret values of the published e-coins can spend money. Instead of Bank, Issuer has to be on-line to verify and replace the public values of the Consumer's e-coins with the Merchant's while the Consumer pays money to the Merchant in a transaction. Such a replacement represents that the coins are passed from one person to another.
URL: https://global.ieice.org/en_transactions/information/10.1093/ietisy/e89-d.12.2950/_p
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@ARTICLE{e89-d_12_2950,
author={Lih-Chyau WUU, Chih-Ming LIN, Wen-Fong WANG, },
journal={IEICE TRANSACTIONS on Information},
title={Anonymous and Transferable Coins in Pay-Fair Ecommerce},
year={2006},
volume={E89-D},
number={12},
pages={2950-2956},
abstract={In this paper, we propose an on-line e-coin system with four parties: Consumer, Merchant, Bank and Issuer. The proposed system not only circulates anonymous e-coins but also protects the profits of the Merchant and the Consumer during a transaction. An e-coin, consisting of a secret value c and a public value c'=h(c) where h() is a secure one-way hash function with collision resistant property, is generated by its owner. The public value of a legal e-coin is published on the bulletin board of Issuer. Only the owner who releases the secret values of the published e-coins can spend money. Instead of Bank, Issuer has to be on-line to verify and replace the public values of the Consumer's e-coins with the Merchant's while the Consumer pays money to the Merchant in a transaction. Such a replacement represents that the coins are passed from one person to another.},
keywords={},
doi={10.1093/ietisy/e89-d.12.2950},
ISSN={1745-1361},
month={December},}
Copy
TY - JOUR
TI - Anonymous and Transferable Coins in Pay-Fair Ecommerce
T2 - IEICE TRANSACTIONS on Information
SP - 2950
EP - 2956
AU - Lih-Chyau WUU
AU - Chih-Ming LIN
AU - Wen-Fong WANG
PY - 2006
DO - 10.1093/ietisy/e89-d.12.2950
JO - IEICE TRANSACTIONS on Information
SN - 1745-1361
VL - E89-D
IS - 12
JA - IEICE TRANSACTIONS on Information
Y1 - December 2006
AB - In this paper, we propose an on-line e-coin system with four parties: Consumer, Merchant, Bank and Issuer. The proposed system not only circulates anonymous e-coins but also protects the profits of the Merchant and the Consumer during a transaction. An e-coin, consisting of a secret value c and a public value c'=h(c) where h() is a secure one-way hash function with collision resistant property, is generated by its owner. The public value of a legal e-coin is published on the bulletin board of Issuer. Only the owner who releases the secret values of the published e-coins can spend money. Instead of Bank, Issuer has to be on-line to verify and replace the public values of the Consumer's e-coins with the Merchant's while the Consumer pays money to the Merchant in a transaction. Such a replacement represents that the coins are passed from one person to another.
ER -
English
