PPT Slide
(Security, Anonymity, Ease of Use, Ease of Processing)
* All protocols use Digital Signatures as a Foundation
- Digital Checks: (Digital Demand notes secured by digital signatures.)
Block of data and a signature which guarantees the data was generated by someone.
(SIGNED owner, (BANK NAME, OWNER NAME, AMOUNT, DESTINATION NAME)
The system could offer proof that the check was cashed by returning the block signed by the digital signature.
(SIGNED owner’s BANK, (SIGNED recip’s BANK, (SIGNED owner’s BANK, (SIGNED recip’s
(SIGNED owner (DETAILS)))))
Digital Checks could be strengthened by locking up the check so only the recipient can spend it via public / private key encryption.
Problem: Governments position on restricting encryption software for export.
Signatures are Okay but encryption is not!