Invoice factoring registration based on a public blockchain
Visualitza/Obre
10.1109/ACCESS.2021.3056626
Inclou dades d'ús des de 2022
Cita com:
hdl:2117/355585
Tipus de documentArticle
Data publicació2021-02-02
EditorInstitute of Electrical and Electronics Engineers (IEEE)
Condicions d'accésAccés obert
Llevat que s'hi indiqui el contrari, els
continguts d'aquesta obra estan subjectes a la llicència de Creative Commons
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Reconeixement-NoComercial-SenseObraDerivada 3.0 Espanya
ProjecteARQUITECTURA SOFTWARE PARA CONTROL DE TASA EN REDES INTEGRADAS SATELITE-TERRESTRE (MINECO-TEC2015-70197-R)
PRIVACIDAD Y SEGURIDAD EN BLOCKCHAINS PUBLICAS Y SUS APLICACIONES A LOS MERCADOS DE DATOS (AEI-PID2019-110224RB-I00)
i3-MARKET - Intelligent, Interoperable, Integrative and deployable open source MARKETplace with trusted and secure software tools for incentivising the industry data economy (EC-H2020-871754)
PRIVACIDAD Y SEGURIDAD EN BLOCKCHAINS PUBLICAS Y SUS APLICACIONES A LOS MERCADOS DE DATOS (AEI-PID2019-110224RB-I00)
i3-MARKET - Intelligent, Interoperable, Integrative and deployable open source MARKETplace with trusted and secure software tools for incentivising the industry data economy (EC-H2020-871754)
Abstract
Invoice factoring is a very useful tool for developing businesses that face liquidity problems. The main property that a factoring system needs to fulfill is to prevent an invoice from being factored twice. In order to prevent double factoring, many factoring ecosystems use one or several centralized entities to register factoring agreements. However, this puts a lot of power in the hands of these centralized entities and makes it difficult for users to dispute situations in which factoring data is unavailable, wrongly recorded or manipulated by negligence or on purpose. In this article, we propose an architecture for invoice factoring registration based on a public blockchain. To solve the aforementioned drawbacks, we replace the trusted third parties for factoring registration with a smart contract. Using a smart contract, we record digital evidence of the terms and conditions of factoring agreements in explicit detail, allowing auditability and dispute resolution. Relevant information is highly available on the blockchain while its privacy is protected. The registration is optimal, since it needs only one blockchain transaction and one key-value storage per invoice factoring.
Descripció
© 2021 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes,creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.
CitacióMohammadzadeh, N.; Nogoorani, S.; Muñoz, J. Invoice factoring registration based on a public blockchain. "IEEE access", 2 Febrer 2021, vol. 9, p. 24221-24233.
ISSN2169-3536
Versió de l'editorhttps://ieeexplore.ieee.org/document/9344631
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