A framework for on-demand reporting of cryptocurrency ownership and provenance

Abstract

Payments using cryptocurrencies may require that the user is able to provide proof of ownership and proof of provenance for a specific transaction. In this paper an innovative web based solution is proposed as a framework that issues reports, on request, pertaining proof of ownership and proof of provenance. The proposed framework provides proof of ownership by using micro-payments and, when used recursively, it can produce provenance reports up to a defined granularity level of transactions. A proof of concept prototype of the proposed framework was implemented and its operation and output is presented and explained. Some limitations and future work directions are also identified.