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International Conference on Information Security and Cryptology

Inscrypt 2018: Information Security and Cryptology pp 70–85Cite as

AFCoin: A Framework for Digital Fiat Currency of Central Banks Based on Account Model

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Part of the book series: Lecture Notes in Computer Science ((LNSC,volume 11449))

Abstract

Currently, the technique choices of issuing digital fiat currencies include RSCoin, Corda and Quorum etc. RSCoin is specially designed for central banks based on Bitcoin. Corda and Quorum are permissioned distributed ledger techniques based on Bitcoin and Ethereum, respectively. There lacks a framework specially for central banks based on Ethereum. We here introduce AFCoin: a framework based on the account model and smart contract of Ethereum. AFCoin shows a possible way to issue and manage fiat currencies by central banks. It can be deployed in an evolutionary way and enjoys good efficiency, regulation and privacy properties.

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Acknowledgment

This work is supported by the National Key R&D Program of China (2017YFB0802503), Supported by Guangxi Key Laboratory of Cryptography and Information Security (No. GCIS201711), Natural Science Foundation of China (61672550), and Fundamental Research Funds for the Central Universities (No. 17lgjc45).

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Authors and Affiliations

  1. Guangdong Key Laboratory of Information Security, School of Data and Computer Science, Sun Yat-Sen University, Guangzhou, 510275, Guangdong, People’s Republic of China

    Haibo Tian & Fangguo Zhang

  2. Guangxi Key Laboratory of Cryptography and Information Security, Guilin, China

    Haibo Tian & Yong Ding

  3. Xidian University, Xi’an, 710071, Shanxi, People’s Republic of China

    Xiaofeng Chen & Xiaoyan Zhu

Authors
  1. Haibo Tian
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  2. Xiaofeng Chen
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  3. Yong Ding
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  4. Xiaoyan Zhu
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  5. Fangguo Zhang
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Corresponding author

Correspondence to Haibo Tian .

Editor information

Editors and Affiliations

  1. University of Wollongong, Wollongong, NSW, Australia

    Fuchun Guo

  2. Fujian Normal University, Fujian, China

    Xinyi Huang

  3. Columbia University, New York, NY, USA

    Moti Yung

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Tian, H., Chen, X., Ding, Y., Zhu, X., Zhang, F. (2019). AFCoin: A Framework for Digital Fiat Currency of Central Banks Based on Account Model. In: Guo, F., Huang, X., Yung, M. (eds) Information Security and Cryptology. Inscrypt 2018. Lecture Notes in Computer Science(), vol 11449. Springer, Cham. https://doi.org/10.1007/978-3-030-14234-6_4

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  • DOI: https://doi.org/10.1007/978-3-030-14234-6_4

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-14233-9

  • Online ISBN: 978-3-030-14234-6

  • eBook Packages: Computer ScienceComputer Science (R0)

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