Off-Line micro-payment system for content sharing in p2p networks

Authors:
Xiaoling Dai;John Grundy
Affiliations:
Department of Mathematics and Computing Science, The University of the South Pacific, Suva, Laucala Campus, Fiji;Department of Electrical and Computer Engineering, University of Auckland, Private Bag, Auckland, New Zealand
Venue:
ICDCIT'05 Proceedings of the Second international conference on Distributed Computing and Internet Technology
Year:
2005

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Abstract

Micro-payment systems have the potential to provide non-intrusive, high-volume and low-cost pay-as-you-use services for a wide variety of web-based applications. We propose an extension, P2P-NetPay, a micro-payment protocol characterized by off-line processing, suitable for peer-to-peer network services sharing. Our approach provides high performance and security using one-way hashing functions for e-coin encryption. In our P2P-NetPay protocol, each peer's transaction does not involve any broker and double spending is detected during the redeeming transaction. We describe the motivation for P2P-NetPay and describe three transactions of the P2P-NetPay protocol in detail to illustrate the approach. We then discuss future research on this protocol.