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P2P Digital Value Fair Trading System Using Smart Cards

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Security in Pervasive Computing (SPC 2005)

Part of the book series: Lecture Notes in Computer Science ((LNSC,volume 3450))

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Abstract

This paper proposes an extension of the Digital Value Exchange Protocol that enables fair exchange of digital values, e.g., electronic money and digital tickets, over a P2P system without requiring the use of an external negotiation facility. The digital values stored in the partners’ smart cards are exchanged through the network using 4 message exchanges based on the Optimistic Fair Exchange Protocol; digital values are directly exchanged between a pair of users; the Trusted Third Party(TTP) is accessed to resolve the conflict only if this exchange is interrupted. Traditionally, the partners and the exchanged digital values are determined by external negotiation before the exchange. Our proposed protocol dispenses with the external negotiation facility while sticking to the same 4 message exchange. We also implement a smart card application that can generate the messages for the proposed protocol within 1 second and examine its feasibility.

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© 2005 Springer-Verlag Berlin Heidelberg

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Hanadate, M. et al. (2005). P2P Digital Value Fair Trading System Using Smart Cards. In: Hutter, D., Ullmann, M. (eds) Security in Pervasive Computing. SPC 2005. Lecture Notes in Computer Science, vol 3450. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-32004-3_3

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  • DOI: https://doi.org/10.1007/978-3-540-32004-3_3

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-25521-5

  • Online ISBN: 978-3-540-32004-3

  • eBook Packages: Computer ScienceComputer Science (R0)

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