BitMint Hard Wallet: Digital Payment without Network Communication : No Internet, yet Sustained Payment Regimen between Randomness-Verifiable Hard Wallets
Gideon Samid · 2020 IEEE International IOT, Electronics and Mechatronics Conference (IEMTRONICS) · 2020
Identity-bearing digital money (e.g. BitMint) can be paid in a private transaction between payor and payee without reliance on network authentication. The payee must trust that the paid digital coin is bona fide. Presenting a hard wallet (HW) to generate the required trust. Payment issued from the HW can be taken in by a second hard wallet, which will further pay to a third hard wallet, creating a payment ecology of digital money for long periods without the benefit of a communication network. Payment may be tethered to eventual terms of redemption. The hard wallet may be personalized -- fitted with ownership security capability. The HW may be engineered in conjunction with a smart phone, so people can use a single device as a phone and as an off-line wallet.