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DOT-COM: Decentralized Online Trading and COMmerce

  • Conference paper
Security and Trust Management (STM 2012)

Part of the book series: Lecture Notes in Computer Science ((LNSC,volume 7783))

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Abstract

Current financial markets rely on direct trust between trading parties or a common trusted third party (TTP). The Internet enables practically any two possible traders around the world to locate each other, but payments and trading mechanisms are still centralized, inefficient, and require direct trust or trusted intermediaries. We present DOT-COM, a financial trading protocol that supports trades between any trading parties, even when no trust or common TTP exist between them. The proposed system makes sure that the traded financial products are exchanged by both sides while ensuring that neither side is exposed to fraud, default or settlement risks. Trade execution is carried out within a predefined time frame, and may be subject to arbitrary conditions defined by the traders. DOT-COM design allows such trades to be conducted over the Internet, automatically, efficiently, securely and cheaply.

This research was supported by grant 1354/11 from the Israeli Science Foundation (ISF).

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Author information

Authors and Affiliations

  1. CS Department, Bar Ilan University, Israel

    Moti Geva & Amir Herzberg

Authors
  1. Moti Geva
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  2. Amir Herzberg
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Editor information

Editors and Affiliations

  1. Department of Informatics, University of Oslo, P.O.Box 1080, 0316, Blindern, Oslo, Norway

    Audun Jøsang

  2. Dipartimento di Informatica, Università degli Studi di Milano, Via Bramante, 65, 26013, Crema, CR, Italy

    Pierangela Samarati

  3. National Research Center(CNR), Institute of Informatics and Telematics(IIT), Via G. Moruzzi, 1, 56124, Pisa, Italy

    Marinella Petrocchi

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Geva, M., Herzberg, A. (2013). DOT-COM: Decentralized Online Trading and COMmerce. In: Jøsang, A., Samarati, P., Petrocchi, M. (eds) Security and Trust Management. STM 2012. Lecture Notes in Computer Science, vol 7783. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-38004-4_12

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  • DOI: https://doi.org/10.1007/978-3-642-38004-4_12

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-38003-7

  • Online ISBN: 978-3-642-38004-4

  • eBook Packages: Computer ScienceComputer Science (R0)

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