Payment scheme for multi-party cascading P2P exchange

Abstract

As a decentralized technology, P2P architecture arises as a new model for distributed computing and transaction in the last few years, consequently there is a need for a scheme to incorporate payment services to enable electronic commerce transaction via P2P systems. In this paper, the cascading sale model is described for multi-party P2P transaction, an efficient pricing and routing scheme is proposed for multi-party P2P transaction, and a new onion payment scheme is proposed, which can ensure that each middleman and digital content owner can obtain the payments due to them.