OpenPGP-Based Financial Instruments and Dispute Arbitration

  • Daniel A. Nagy
  • Nadzeya V. Shakel
Conference paper

DOI: 10.1007/978-3-540-85230-8_24

Part of the Lecture Notes in Computer Science book series (LNCS, volume 5143)
Cite this paper as:
Nagy D.A., Shakel N.V. (2008) OpenPGP-Based Financial Instruments and Dispute Arbitration. In: Tsudik G. (eds) Financial Cryptography and Data Security. FC 2008. Lecture Notes in Computer Science, vol 5143. Springer, Berlin, Heidelberg


In this paper, we present some guidelines for implementing various financial instruments for the purposes of credit and payment, including protocols for commercial transactions, dispute resolution, and establishing credit reputation. We strive to employ only widely used, standardized cryptography and keep the proposed procedures as simple as possible on the conceptual level. Also, we want all the documents to resemble their paper-based counterparts as closely as possible and be readable by humans, while also facilitating automated processing by computers. The presented results are being actively implemented within the ePoint System framework.


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Copyright information

© Springer-Verlag Berlin Heidelberg 2008

Authors and Affiliations

  • Daniel A. Nagy
    • 1
  • Nadzeya V. Shakel
    • 2
  1. 1.Faculty of Science Department of Computer Science, ELTECRYPT Research GroupEötvös Lóránd UniversityBudapestHungary
  2. 2.Faculty of International Relations Department of Private and European LawBelarusian State UniversityMinskBelarus

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