A Proposal for a Lean and Functional Delivery versus Payment across two Blockchains

• URL: http://arxiv.org/abs/2311.05966v2
• Date: Fri, 1 Dec 2023 21:13:15 GMT
• Title: A Proposal for a Lean and Functional Delivery versus Payment across two Blockchains
• Authors: Christian P. Fries, Peter Kohl-Landgraf,
• Abstract summary: A payment chain operator hosts a stateless decryption service that allows decrypting messages with his secret key. A "Payment Contract" is deployed on the payment chain that implements a function transferAndDecrypt(uint id, address from, address to, string keyEncryptedSuccess, string keyEncryptedFail) The respective key can then trigger an associated transaction, e.g. claiming delivery by the buyer or re-claiming the locked asset by the seller.
• Score: 6.683852215353864
• License: http://creativecommons.org/licenses/by-sa/4.0/
• Abstract: We propose a lean and functional transaction scheme to establish a secure delivery-versus-payment across two blockchains, where a) no intermediary is required and b) the operator of the payment chain/payment system has a small overhead and does not need to store state. The main idea comes with two requirements: First, the payment chain operator hosts a stateless decryption service that allows decrypting messages with his secret key. Second, a "Payment Contract" is deployed on the payment chain that implements a function transferAndDecrypt(uint id, address from, address to, string keyEncryptedSuccess, string keyEncryptedFail) that processes the (trigger-based) payment and emits the decrypted key depending on the success or failure of the transaction. The respective key can then trigger an associated transaction, e.g. claiming delivery by the buyer or re-claiming the locked asset by the seller.

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