Concept of a Regulatory Compliant Blockchain Based Instant Payment System. Limitations and Compromises

2020 61st International Scientific Conference on Information Technology and Management Science of Riga Technical University ( ITMS 2020): Proceedings 2020
Vadims Zīlnieks

New technologies of communication along with global expansion of smart devices are connecting customers and services at high speed. But at the level of financial technologies this movement is comparable slow. Schema remains centralized by structure. Instant payments in traditional banking were applied just in the last five years. This paper presents a concept of a system based on peer-to-peer networking mechanisms like blockchain and smart contracts, and integration of regulatory services in order to be legal and compliant.

Atslēgas vārdi
blockchain, smart contract, P2P, instant payments, sidechain, regulatory
DOI
10.1109/ITMS51158.2020.9259310
Hipersaite
https://ieeexplore.ieee.org/document/9259310

Zīlnieks, V. Concept of a Regulatory Compliant Blockchain Based Instant Payment System. Limitations and Compromises. No: 2020 61st International Scientific Conference on Information Technology and Management Science of Riga Technical University ( ITMS 2020): Proceedings, Latvija, Rīga, 15.-16. oktobris, 2020. Piscataway: IEEE, 2020, 1.-7.lpp. ISBN 978-1-7281-9106-5. e-ISBN 978-1-7281-9105-8. Pieejams: doi:10.1109/ITMS51158.2020.9259310

Publikācijas valoda
English (en)