A Review of Fair Exchange Protocols

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Executive Summary

Recently, the Internet has become an essential business platform, aiding trading, distribution and sales between organisations, consumers and even between consumers themselves. This technology revolution has brought e-commerce to an entirely new level, which therefore has raised some new security issues. Security protocols in e-commerce are required to manage the transactions between buyers and sellers. In order to engage customers in e-commerce, these protocols should be well formulated and secured; they should protect both parties from fraudulent users and subsequently promote the growth of e-commerce.

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