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Banklaves: Concept for a Trustworthy Decentralized Payment Service for Bitcoin

Grundmann, Matthias; Leinweber, Marc; Hartenstein, Hannes

Abstract:
We explore challenges of and present a concept for a decentralized payment service which is based on trusted execution environments. The system guarantees that users can always cash out their funds without depending on the cooperation of other network members, hence minimizing the trust required in other network members. We present an overview of the system, motivate key components for a secure architecture and provide a communication protocol. We prove that the payment service users can cash out their funds at any time without any dependence on other network members.

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Postprint §
DOI: 10.5445/IR/1000092459
Frei zugänglich ab 22.03.2020
Originalveröffentlichung
DOI: 10.1109/BLOC.2019.8751394
Zugehörige Institution(en) am KIT Institut für Telematik (TM)
Kompetenzzentrum für angewandte Sicherheitstechnologie (KASTEL)
Publikationstyp Proceedingsbeitrag
Jahr 2019
Sprache Englisch
Identifikator ISBN: 978-1-7281-1328-9
urn:nbn:de:swb:90-924593
KITopen-ID: 1000092459
Erschienen in Proceedings of 1st IEEE International Conference on Blockchain and Cryptocurrency (ICBC 2019), Seoul, Südkorea, 14 - 17 Mai 2019
Veranstaltung 1st IEEE International Conference on Blockchain and Cryptocurrency (2019), Seoul, Südkorea, 14.05.2019 – 17.05.2019
Verlag IEEE, Piscataway (NJ)
Seiten 268-276
Vorab online veröffentlicht am 21.03.2019
Nachgewiesen in Scopus
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