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A blockchain based peer-to-peer framework for exchanging leftover foreign currency

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Version 2 2023-06-12, 08:48
Version 1 2023-06-09, 11:34
conference contribution
posted on 2023-06-12, 08:48 authored by Rituparna Bhattacharya, Martin WhiteMartin White, Natalia BeloffNatalia Beloff
Almost every traveller possesses some amount of leftover foreign currency, either as actual cash or on a travel currency card, at the end of any international trip. However, the means to exchange this leftover currency, coins in particular, is largely inconvenient often leading to considerable amounts discarded or left unused. In this paper, we explore how distributed ledger technology, i.e. blockchain, could be applied to the problem of utilizing this leftover foreign currency. We portray here the drawbacks of the existing systems of foreign currency exchange and delineate the requirements of a potential mobile web application for exchanging this currency by integrating smart kiosk based systems, particularly for handling cash, with a peer-to-peer currency exchange technique based on blockchain that could help to bring such currency back into circulation efficiently.

History

Publication status

  • Published

File Version

  • Published version

Journal

2017 Computing Conference

Publisher

IEEE

Event name

2017 Computing Conference

Event location

London

Event type

conference

Event date

18-20 July 2017

Department affiliated with

  • Informatics Publications

Research groups affiliated with

  • Creative Technology Publications

Notes

© 2018 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

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2018-01-12

First Open Access (FOA) Date

2018-01-12

First Compliant Deposit (FCD) Date

2018-01-12

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