Importance

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Abstract

A system and method for obtaining traceable anonymous digital cash from a bank using a trustee as a trusted third-party. A user establishes her identity with the trustee using a secret known by the user. The user transmits to the trustee information describing a blinded traceable digital coin. The user receives from the trustee a trustee token including a signature by the trustee on the blinded coin. The user transmits the blinded coin and the trustee token to a bank. The user receives a signature from the bank certifying the blinded coin. The user can then unblind the coin, and spend the coin at a merchant. The system and method support both tracing of the identity of a user from a coin, referred to as coin tracing, and generation of a list of all coins belonging to a given user, referred to as owner tracing. Both of these operations require very little computation and database access. To determine the identity of the user, the trustee can generate the list of coins associated with a user. Alternatively, if presented with a coin, the trustee can determine the identity of the user who submitted the coin to the trustee for signature. This simple and highly efficient trustee-based tracing system and method can be added on top of anonymous cash schemes based on blind RSA signatures.

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First Claim