A negotiable instrument is a document which, according to law, can be traded freely, such as cash, endorsable cheques or Bills of Lading (which actually is only quasi-negotiable). All of these types of documents may appear in electronic form as well. The only challenge is to prevent what is known as double-spending (e.g., for cash). This can be achieved in two ways: either by having an on-line Trusted Third Party to keep track of ownership, or by using tamper resistant devices to prevent double-spending.
This is a preview of subscription content, log in via an institution.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2005 International Federation for Information Processing
About this entry
Cite this entry
Landrock, P. (2005). Electronic Negotiable Instruments. In: van Tilborg, H.C.A. (eds) Encyclopedia of Cryptography and Security. Springer, Boston, MA . https://doi.org/10.1007/0-387-23483-7_123
Download citation
DOI: https://doi.org/10.1007/0-387-23483-7_123
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-387-23473-1
Online ISBN: 978-0-387-23483-0
eBook Packages: Computer ScienceReference Module Computer Science and Engineering