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Electronic Edition @ Ifip.org (open Access).pdf

6A4-1570418367.pdf
Preview of electronic edition @ ifip.org (open access)
🔗 Source: dl.ifip.org
📊 Size: 5.14 MB
👤 Author: Martijn de Vos, Johan Pouwelse
⬇️ Downloads: 73

Summary

Researchers Martijn de Vos and Johan Pouwelse propose a system called Internet-of-Money, which enables real-time money routing between banks through individual money routers, eliminating the need for central banks. The system utilizes a blockchain-based trust model, called TrustChain, to build trust between strangers and prevent fraud. The trust model assigns scores to nodes based on repeated interactions, and a router validation mechanism prevents Sybil attacks. The Internet-of-Money overlay network operates on top of existing inter-bank payment systems, allowing for fast and decentralized money transfers. Experimental results show that the system can discover available money routers within a minute and limit the profit of cheating routers. The system has the potential to revolutionize digital trust and enable fast, scalable, and privacy-preserving money transfers.

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Description

Researchers Martijn de Vos and Johan Pouwelse propose a system called Internet-of-Money, which enables real-time money routing between banks through individual...

Technical Information

  • File Format: PDF
  • File Size: 5.14 MB
  • Pages: 9
  • Language: EN
  • Author: Martijn de Vos, Johan Pouwelse
  • Total Downloads: 73
  • Last Updated: 15 hours ago

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