Mercantile Process Using Digital Cash Or E-Cash:-



E-Cash in similar to paper currency and has more benefits and easily transmitted electronically. The following are the mercantile protocol based on the use of e-cash.

1. Buyer obtains anonymous (secret) e-cash from issuing bank.


2. Buyer contacts seller to purchase product.


3. Seller states the price.


4. Buyer sends e-cash to seller.


5. Seller contacts his bank or billing Service to verify the validity of the e-cash.


6. Bank gives o.k. signal to seller.


7. Seller delivers the product to buyer.


8. Seller then tell bank to mark the e-cash

The following two tabs change content below.
We, at, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected]

Leave a reply

Your email address will not be published. Required fields are marked *


* is aimed at revolutionising Bachelors in Management Studies education, also known as BMS for students appearing for BMS exams across all states of India. We provide free study material, 100s of tutorials with worked examples, past papers, tips, tricks for BMS exams, we are creating a digital learning library.

Disclaimer: We are not affiliated with any university or government body in anyway.

©2019 BMS - Bachelor of Management Studies Community 

A Management Paradise Venture

Ask Us On WhatsApp

Log in with your credentials


Forgot your details?


Create Account