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Decentralized electronic transfer system

An electronic system and electronic transfer technology, applied in transmission systems, electrical components, payment circuits, etc., can solve problems such as increased obstacles and achieve the effect of risk reduction

Active Publication Date: 2014-11-12
ALCATEL LUCENT SAS
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  • Abstract
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Problems solved by technology

However, this is a disadvantage for the usability of a decentralized electronic transfer system, as the barriers to using secure libraries increase significantly

Method used

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  • Decentralized electronic transfer system
  • Decentralized electronic transfer system
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Embodiment Construction

[0031] Electronic payment systems are a hallmark feature of modern banking. Today, traceable electronic payment instruments such as credit and debit cards are very common among the general population. On the other hand, since David Chaum's seminal paper proposed electronic money, the literature of the past three decades has focused on non-traceable payment mechanisms, untraceable payment mediums based on blind signatures, and the generation of said money, exchange of it and A "bank" (trusted party) that checks all transactions for fraudulent behavior by a user or merchant is studied.

[0032] The recent emergence of decentralized untraceable electronic payment systems removes the need for a central trusted party to check and verify each monetary transaction. The advantages of a decentralized system include: no central entity controlling the operation of the entire system that could become a single point of failure; no implicit trust used by a single economic entity to create,...

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Abstract

Method for use in a decentralized electronic transfer system, the method comprising the steps of: - Generating a first digital code representing a first transaction from a first user's secure repository to the first user's unsecure repository; - Sending the digital code to a secure storage memory related to the unsecure repository to be stored in an area of the memory; - Generating by a processor related to the unsecure repository a second digital code representing a second transaction from the unsecure repository to the second user's repository; - Connecting the processor to the internet; And the subsequent steps of: - Retrieving by the processor the first digital code stored in the secure storage memory; - Publishing by the processor via the internet connection of the retrieved digital code to validate the first transaction; - Publishing by the processor via the internet connection of the second digital code to validate the second transaction.

Description

technical field [0001] The present invention relates to methods and apparatus for use in decentralized electron transfer systems. Background technique [0002] A decentralized electronic transfer system was created to eliminate the need and thus the cost of a central authority to check and verify each transfer. Centralized electronic transfer systems rely on a combination of identification and authentication with a user's central authority to authenticate transfer requests made by the user. Decentralized electronic transfer systems rely on a combination of identification and publication to authenticate transfer requests. The public can thus see all transfers - as they are published - and check their correctness. This form of social control combined with a mechanism for rejecting incorrect published transfers forms the backbone of a decentralized electronic transfer system. [0003] A disadvantage of a decentralized electronic transfer system is the risk of losing an unsec...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q20/06G06Q20/36
CPCG06Q20/0655G06Q20/3672H04L63/083H04L63/10H04L67/1097
Inventor F·皮安尼斯N·伊万斯
Owner ALCATEL LUCENT SAS
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