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

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