Khanh Quoc Nguyen, Sch. of Comput. & IT, Univ. of Western Sydney, Kingswood, NSW, Australia
Yi Mu, Sch. of Comput. & IT, Univ. of Western Sydney, Kingswood, NSW, Australia
V. Varadharajan, Sch. of Comput. & IT, Univ. of Western Sydney, Kingswood, NSW, Australia
Proposes two novel cash-based micropayment schemes based on a new technique referred to as the double-locked hash chain technique. Both schemes support the 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.
Index Terms:
EFTS; micro-digital money; electronic commerce; cash-based micropayment schemes; double-locked hash chain technique; digital coin divisibility; digital coin transferability; coin chain; vendor; multiple chains; micropayment transactions
Citation:
Khanh Quoc Nguyen, Yi Mu, V. Varadharajan, "Micro-digital money for electronic commerce," acsac, pp.2, 13th Annual Computer Security Applications Conference (ACSAC '97), 1997