27 Oct Scientists Develop Secure Payment Protocol That Inhibits Data Traces
Researchers from the Karlsruhe Institute of Technology (KIT) will be unveiling a secure and anonymous payment protocol which will be unveiled at the upcoming 2017 ACM CCS conference in the US.
Current payment systems use a central database where customer details are transmitted to for every transaction. This leaves a data trace which can be used to identify the customer and can be misused by providers and third parties.
The researchers who came up with the “black-box accumulation plus” (BBA+) protocol say that the “electronic purse” solves this privacy issue and guarantees confidentiality using cryptographic methods. They also assured that the protocol is highly efficient and is suitable to everyday use.