Model-based analysis of money accountability in electronic purses

Il Gon Kim, Young Joo Moon, Inhye Kang, Ji Yeon Lee, Keun Hee Han, Jin Young Choi

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review


The Common Electronic Purse Specifications (CEPS) define requirements for all components needed by an organization to implement a globally interoperable electronic purse program. In this paper we describe how we model purchase transaction protcol in CEPS using formal specification language. We define and verify the money accountability property of the CEPS, and we address its violation scenario in the presence of communication network failures. Using model checking technique we find that transaction record stored in the trusted-third party plays a essential role in satisfying the accountability property.

Original languageEnglish
Title of host publicationInternet and Network Economics - First International Workshop, WINE 2005, Proceedings
PublisherSpringer Verlag
Number of pages10
ISBN (Print)3540309004, 9783540309000
StatePublished - 2005
Event1st International Workshop on Internet and Network Economics, WINE 2005 - Hong Kong, China
Duration: 15 Dec 200517 Dec 2005

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume3828 LNCS
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349


Conference1st International Workshop on Internet and Network Economics, WINE 2005
CityHong Kong


  • CEPS
  • Casper
  • E-commerce protocol
  • FDR
  • Formal specification and verification
  • Model checking
  • Money accountability
  • Security


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