Tokens and Distributed Ledgers in Digital Payment Systems
- URL: http://arxiv.org/abs/2207.07530v1
- Date: Fri, 15 Jul 2022 15:24:35 GMT
- Title: Tokens and Distributed Ledgers in Digital Payment Systems
- Authors: Geoffrey Goodell
- Abstract summary: We present a brief taxonomy of digital payment systems that use tokens.
We address the different models for how distributed ledger technology can support digital payment systems in general.
- Score: 0.0
- License: http://arxiv.org/licenses/nonexclusive-distrib/1.0/
- Abstract: In this article, we consider the roles of tokens and distributed ledgers in
digital payment systems. We present a brief taxonomy of digital payment systems
that use tokens, and we address the different models for how distributed ledger
technology can support digital payment systems in general. We offer guidance on
the salient features of digital payment systems, which we comprehend in terms
of consumer privacy, token issuance, and accountability for system operators.
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