What is financial cryptography?

Financial Cryptography

Financial cryptography (FC) is the use of cryptography in applications in which financial loss could result from subversion of the message system.

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Some articles on financial cryptography:

Financial Cryptography
... Financial cryptography (FC) is the use of cryptography in applications in which financial loss could result from subversion of the message system ... the work of David Chaum that excited the cryptography community about the potential of encrypted messages as actual financial instruments ... Financial cryptography includes the mechanisms and algorithms necessary for the protection of financial transfers, in addition to the creation of new forms of money ...

Famous quotes containing the word financial:

    A theory of the middle class: that it is not to be determined by its financial situation but rather by its relation to government. That is, one could shade down from an actual ruling or governing class to a class hopelessly out of relation to government, thinking of gov’t as beyond its control, of itself as wholly controlled by gov’t. Somewhere in between and in gradations is the group that has the sense that gov’t exists for it, and shapes its consciousness accordingly.
    Lionel Trilling (1905–1975)