A platform for privately defined currencies, loyalty credits, and play money

  • David P. Maher
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 1465)


We use techniques from financial cryptography to define new electronic currencies that are suitable for many applications. We use a platform approach to allow a single, world-wide infrastructure to support a practically unlimited number of new currencies. The platform permits new currencies to be defined with little effort, and allows an individual to effectively manage and use perhaps a few dozen of those currencies that he finds personally useful. We describe the structures and mechanisms of the platform, various applications, and the risks associated with its use.


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Copyright information

© Springer-Verlag 1998

Authors and Affiliations

  • David P. Maher
    • 1
  1. 1.AT&T Labs ResearchFlorham Park

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