Paper 2013/537

Inter-FSP Funds Transfer Protocol

Amir Herzberg and Shay Nachmani

Abstract

The present work introduces the first decentralized secure funds transfer protocol with multiple participants. The protocol guarantees that a participant only loses money if a trusted peer happens to be corrupt. Furthermore, the loss is limited to the amount of credit given to that partner. The protocol supports expiration times for payment orders, and takes into consideration actual network queuing delays. To achieve our goals, we used several models and techniques from the Quality of Service area, to handle delays and avoid the expiration of payment orders. We provide rigorous proofs to the security requirements of the protocol.

Metadata
Available format(s)
PDF
Publication info
Preprint. MINOR revision.
Keywords
paymantsfinanceQoSdecenteralized
Contact author(s)
shaynachmani @ gmail com
History
2013-10-06: last of 2 revisions
2013-08-30: received
See all versions
Short URL
https://ia.cr/2013/537
License
Creative Commons Attribution
CC BY

BibTeX

@misc{cryptoeprint:2013/537,
      author = {Amir Herzberg and Shay Nachmani},
      title = {Inter-FSP Funds Transfer Protocol},
      howpublished = {Cryptology ePrint Archive, Paper 2013/537},
      year = {2013},
      note = {\url{https://eprint.iacr.org/2013/537}},
      url = {https://eprint.iacr.org/2013/537}
}
Note: In order to protect the privacy of readers, eprint.iacr.org does not use cookies or embedded third party content.