Can I read Contract-Backed Digital Cash on EtoBox?

Contract-Backed Digital Cash by Debois, Søren; Henglein, Fritz; Nielsen, Morten C.; Olesen, Christian; Sylvest, Gert is a scholarly article available to read on EtoBox.

What is Contract-Backed Digital Cash about?

We characterize digital cash as the digital equivalent of physical cash: secure, fungible, decentralized, directly controlled, privacy-preserving; but enhanced with qualitatively new functionality. It is extremely efficiently transferable and, most importantly, transactional or, more generally, contract-backed. This facilitates fully automated, guaranteed transactional execution of atomic resource exchanges and more complex contracts, without a multitude of intermediaries and expensive or slow semi-manual processes. A didactic objective is separating money characteristics from technology aspects such as specific blockchain and distributed ledger systems to help disentangle discussions of digital money design from implementation techniques. We finally discuss the power and role of programmable (contract-backed) digital money in case studies: tokenization of invoice debt using smart contracts on Ethereum, with stablecoins serving as digital money; smart contracts for disbursing payments transparently and reliably in accordance with social legislation; and a Danish e-krone for crowdfunding public and private community projets. These contributions are made in independent chapters by pa

Author

Debois, Søren; Henglein, Fritz; Nielsen, Morten C.; Olesen, Christian; Sylvest, Gert

Published

2022

Language

EN