Developed by Digital Corp.
Based on scrip broker model (overcomes traditional scrip model’s requirement of having vendors and consumers to have prior relationships before transacting)
- Its operation-A broker, e.g., a bank accepts payments from, and issues its own scrip to, a consumer. The broker then scrips credits from vendors.
- Results in- each consumer has one account with a broker and each vendor has an account with a few brokers
- Provides “adequate” security by employing an encryption scheme with low computational requirements(costs more to break the protocol than value of the scrip) =====>High potential for fraud