Off-line compatible electronic cash method and system
Abstract
An off-line electronic cash system having an electronic coin, a bank B, a payee S, and a user U with an account at the bank B as well as a user password z{sub u,i}, has a method for performing an electronic cash transfer. An electronic coin is withdrawn from the bank B by the user U and an electronic record of the electronic coin is stored by the bank B. The coin is paid to the payee S by the user U. The payee S deposits the coin with the bank B. A determination is made that the coin is spent and the record of the coin is deleted by the bank B. A further deposit of the same coin after the record is deleted is determined. Additionally, a determination is made which user U originally withdrew the coin after deleting the record. To perform these operations a key pair is generated by the user, including public and secret signature keys. The public signature key along with a user password z{sub u,i} and a withdrawal amount are sent to the bank B by the user U. In response, the bank B sends a coin to the user U signed bymore »
- Inventors:
- Issue Date:
- Research Org.:
- Sandia National Laboratories (SNL), Albuquerque, NM, and Livermore, CA (United States)
- Sponsoring Org.:
- USDOE, Washington, DC (United States)
- OSTI Identifier:
- 675844
- Patent Number(s):
- 5832089
- Application Number:
- PAN: 8-474,035
- Assignee:
- Sandia Corp., Albuquerque, NM (United States)
- DOE Contract Number:
- AC04-94AL85000
- Resource Type:
- Patent
- Resource Relation:
- Other Information: PBD: 3 Nov 1998
- Country of Publication:
- United States
- Language:
- English
- Subject:
- 99 MATHEMATICS, COMPUTERS, INFORMATION SCIENCE, MANAGEMENT, LAW, MISCELLANEOUS; FINANCING; DIGITAL SYSTEMS; SECURITY; COMPUTER NETWORKS; USES
Citation Formats
Kravitz, D W, Gemmell, P S, and Brickell, E F. Off-line compatible electronic cash method and system. United States: N. p., 1998.
Web.
Kravitz, D W, Gemmell, P S, & Brickell, E F. Off-line compatible electronic cash method and system. United States.
Kravitz, D W, Gemmell, P S, and Brickell, E F. Tue .
"Off-line compatible electronic cash method and system". United States.
@article{osti_675844,
title = {Off-line compatible electronic cash method and system},
author = {Kravitz, D W and Gemmell, P S and Brickell, E F},
abstractNote = {An off-line electronic cash system having an electronic coin, a bank B, a payee S, and a user U with an account at the bank B as well as a user password z{sub u,i}, has a method for performing an electronic cash transfer. An electronic coin is withdrawn from the bank B by the user U and an electronic record of the electronic coin is stored by the bank B. The coin is paid to the payee S by the user U. The payee S deposits the coin with the bank B. A determination is made that the coin is spent and the record of the coin is deleted by the bank B. A further deposit of the same coin after the record is deleted is determined. Additionally, a determination is made which user U originally withdrew the coin after deleting the record. To perform these operations a key pair is generated by the user, including public and secret signature keys. The public signature key along with a user password z{sub u,i} and a withdrawal amount are sent to the bank B by the user U. In response, the bank B sends a coin to the user U signed by the secret key of the bank indicating the value of the coin and the public key of the user U. The payee S transmits a challenge counter to the user U prior to receiving the coin. 16 figs.},
doi = {},
journal = {},
number = ,
volume = ,
place = {United States},
year = {1998},
month = {11}
}