Off-line compatible electronic cash method and system

Cryptography – Particular algorithmic function encoding – Nbs/des algorithm

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380 25, 380 28, 380 30, 705 39, H04K 100, H04L 930

Patent

active

058320890

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 An electronic coin is withdrawn from the bank B by the user U and an electronic record of the electronic coin is stored by the bank B. The coin is paid to the payee S by the user U. The payee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 by the secret key of the bankindicating 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.

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D. Chaum "Blind Signatures For Untraceable Payments," Advances in Cryptology--Proceedings of CRYPTO 82 (1983) pp. 199-203, Plenum Press.
Gennady Medvinsky and B. Clifford Neuman, "Net Cash: A design for practical electronic currency on the Internet." Journal of Petroleum Technology, vol. 8, pp. 95-97, Sep., 1956.
Jan L. Camenisch, Jean-Marc Piveteau, and Markus A. Stadler, "An Efficient Electronic Payment System Protecting Privacy," Institute for Theoretical Computer Science, Union Bank of Switzerland, pp. 207-215.
Stefan Brands, "Electronic Cash Systems Based On the Representation Problem in Groups of Prime Order", pp. 26.1-27.1.
David Chaum, Amos Fiat and Moni Naor, "Untraceable Electronic Cash," pp. 319-327.

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