DOT-COM: Decentralized online trading and commerce

Moti Geva; Amir Herzberg

doi:10.1007/978-3-642-38004-4_12

DOT-COM: Decentralized online trading and commerce

Moti Geva
, Amir Herzberg

Department of Computer Science and Artificial Intelligence

Bar-Ilan University

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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.

Original language	English
Title of host publication	Security and Trust Management - 8th International Workshop, STM 2012, Revised Selected Papers
Pages	177-192
Number of pages	16
DOIs	https://doi.org/10.1007/978-3-642-38004-4_12
State	Published - 2013
Event	8th International Workshop on Security and Trust Management, STM 2012 - Pisa, Italy Duration: 13 Sep 2012 → 14 Sep 2012

Publication series

Name	Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume	7783 LNCS
ISSN (Print)	0302-9743
ISSN (Electronic)	1611-3349

Conference

Conference	8th International Workshop on Security and Trust Management, STM 2012
Country/Territory	Italy
City	Pisa
Period	13/09/12 → 14/09/12

Bibliographical note

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

Funding

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

Funders
Israel Science Foundation

Access to Document

10.1007/978-3-642-38004-4_12

Cite this

Geva, M., & Herzberg, A. (2013). DOT-COM: Decentralized online trading and commerce. In Security and Trust Management - 8th International Workshop, STM 2012, Revised Selected Papers (pp. 177-192). (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 7783 LNCS). https://doi.org/10.1007/978-3-642-38004-4_12

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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.",

author = "Moti Geva and Amir Herzberg",

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Geva, M & Herzberg, A 2013, DOT-COM: Decentralized online trading and commerce. in Security and Trust Management - 8th International Workshop, STM 2012, Revised Selected Papers. Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), vol. 7783 LNCS, pp. 177-192, 8th International Workshop on Security and Trust Management, STM 2012, Pisa, Italy, 13/09/12. https://doi.org/10.1007/978-3-642-38004-4_12

DOT-COM: Decentralized online trading and commerce. / Geva, Moti; Herzberg, Amir.
Security and Trust Management - 8th International Workshop, STM 2012, Revised Selected Papers. 2013. p. 177-192 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 7783 LNCS).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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DOT-COM: Decentralized online trading and commerce

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