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Digital Tokens: A Scheme for Enabling Trust Between Customers and Electronic Marketplaces

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Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 673))

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Abstract

In electronic marketplaces, when the supply of a particular product is limited, and when there is a huge demand for the same, the questions of transparency and integrity prop up. We propose Digital Tokens—defined using proven cryptographic techniques—as a mechanism to assure trust for customers, and issued by a reliable, transparent and third-party intermediary, called digital token service provider (DTSP). The digital tokens are issued to a customer on behalf of a vendor and could be authenticated by both Vendor and the DTSP. This paper details the architecture involving the DTSP, protocols for communication, implementation details, the potential uses and benefits of the system and performance evaluation of such a system.

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Correspondence to Balaji Rajendran .

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Rajendran, B., Misbahuddin, M., Kaviraj, S., Bindhumadhava, B.S. (2018). Digital Tokens: A Scheme for Enabling Trust Between Customers and Electronic Marketplaces. In: Bhalla, S., Bhateja, V., Chandavale, A., Hiwale, A., Satapathy, S. (eds) Intelligent Computing and Information and Communication. Advances in Intelligent Systems and Computing, vol 673. Springer, Singapore. https://doi.org/10.1007/978-981-10-7245-1_48

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  • DOI: https://doi.org/10.1007/978-981-10-7245-1_48

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-10-7244-4

  • Online ISBN: 978-981-10-7245-1

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