A generalised model of e-trading for gradual secret release fair exchange protocol

Abstract

In this article, we propose a generalised model of e-trading for the development of gradual secret release fair exchange protocols. Based on the model, the methodology is narrated to implement e-trading protocols that ensure fairness in true sense without using an additional trusted third party for which either party has to pay. The model provides the scope to include the correctness of the product, money atomicity and customer's anonymity properties within e-trading protocol. We conclude this article by indicating the area of applicability for the proposed model.