451 research outputs found
A Proposal for a Lean and Functional Delivery versus Payment across two Blockchains
We propose a lean and functional transaction scheme to establish a secure
delivery-versus-payment across two blockchains, where a) no intermediary is
required and b) the operator of the payment chain/payment system has a small
overhead and does not need to store state. The main idea comes with two
requirements: First, the payment chain operator hosts a stateless decryption
service that allows decrypting messages with his secret key. Second, a "Payment
Contract" is deployed on the payment chain that implements a function
transferAndDecrypt(uint id, address from, address to, string
keyEncryptedSuccess, string keyEncryptedFail) that processes the
(trigger-based) payment and emits the decrypted key depending on the success or
failure of the transaction. The respective key can then trigger an associated
transaction, e.g. claiming delivery by the buyer or re-claiming the locked
asset by the seller
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