Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

A novel IoT-device management platform for on-the-fly generation of user interface <i>via</i> manifest-file addressing heterogeneity.

PeerJ. Computer science·2024
Same author

Formal Verification of Heuristic Autonomous Intersection Management Using Statistical Model Checking.

Sensors (Basel, Switzerland)·2020
See all related articles

Related Experiment Video

Updated: Jun 3, 2025

Author Spotlight: Optimizing Porous Substrate Electroporation Through Micro and Nanochannels for Enhanced Monitoring and Intermediate Stage Characterization
08:06

Author Spotlight: Optimizing Porous Substrate Electroporation Through Micro and Nanochannels for Enhanced Monitoring and Intermediate Stage Characterization

Published on: September 27, 2024

410

ElasticPay: Instant Peer-to-Peer Offline Extended Digital Payment System.

Annapureddy Venkata Sai Kumar Reddy1, Gourinath Banda1

  • 1Department of Computer Science and Engineering, Indian Institute of Technology Indore, Indore 453552, India.

Sensors (Basel, Switzerland)
|January 8, 2025
PubMed
Summary
This summary is machine-generated.

ElasticPay enables secure peer-to-peer offline digital payments, overcoming limitations of Central Bank Digital Currencies (CBDCs) that require internet access. This novel system ensures transaction privacy and prevents double spending using advanced hardware security.

Keywords:
attestationcentral bank digital currencydouble spendingoffline mobile transactionprivacysecuritytrusted platform module

More Related Videos

An Implantable System For Chronic In Vivo Electromyography
09:52

An Implantable System For Chronic In Vivo Electromyography

Published on: April 21, 2020

10.6K
Point-of-Care Ultrasound for Peripheral Veno-Arterial Extracorporeal Membrane Oxygenation Without Left Ventricular Venting
03:40

Point-of-Care Ultrasound for Peripheral Veno-Arterial Extracorporeal Membrane Oxygenation Without Left Ventricular Venting

Published on: January 17, 2025

256

Related Experiment Videos

Last Updated: Jun 3, 2025

Author Spotlight: Optimizing Porous Substrate Electroporation Through Micro and Nanochannels for Enhanced Monitoring and Intermediate Stage Characterization
08:06

Author Spotlight: Optimizing Porous Substrate Electroporation Through Micro and Nanochannels for Enhanced Monitoring and Intermediate Stage Characterization

Published on: September 27, 2024

410
An Implantable System For Chronic In Vivo Electromyography
09:52

An Implantable System For Chronic In Vivo Electromyography

Published on: April 21, 2020

10.6K
Point-of-Care Ultrasound for Peripheral Veno-Arterial Extracorporeal Membrane Oxygenation Without Left Ventricular Venting
03:40

Point-of-Care Ultrasound for Peripheral Veno-Arterial Extracorporeal Membrane Oxygenation Without Left Ventricular Venting

Published on: January 17, 2025

256

Area of Science:

  • Computer Science
  • Cybersecurity
  • Digital Finance

Background:

  • Traditional paper currency faces challenges like counterfeiting and environmental concerns.
  • Central Bank Digital Currencies (CBDCs) offer solutions but require constant internet connectivity, limiting accessibility in offline environments.

Purpose of the Study:

  • To introduce ElasticPay, a Peer-to-Peer (P2P) offline digital payment system.
  • To address the limitations of CBDCs in areas with poor or no network access.
  • To enhance the security and inclusivity of digital currency ecosystems.

Main Methods:

  • Leveraging advanced hardware security: Trusted Platform Modules (TPMs), Trusted Execution Environments (TEEs), and Secure Elements (SEs).
  • Implementing a novel Peer-to-Peer (P2P) offline digital payment architecture.
  • Demonstrating the solution on an iPhone utilizing its Secure Enclave for integrated security functionalities.

Main Results:

  • ElasticPay ensures transaction privacy, unforgeability, and immediate settlement.
  • The system effectively prevents double spending in offline scenarios.
  • Experimental validation confirms the system's reliability, practicality, and scalability for diverse environments.

Conclusions:

  • ElasticPay offers a viable solution for secure and inclusive offline digital payments.
  • The system enhances CBDC usability by removing the dependency on continuous internet connectivity.
  • The use of integrated hardware security features like the iPhone's Secure Enclave proves effective for robust offline transaction processing.