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See detailSelf-Sovereign Identity for the Financial Sector: A Case Study of PayString Service
Scheidt de Cristo, Flaviene UL; Shbair, Wazen UL; Trestioreanu, Lucian Andrei UL et al

Scientific Conference (2021, December 06)

PayString is an initiative to make payment identifiers global and human-readable, facilitating the exchange of payment information. However, the reference implementation lacks privacy and security ... [more ▼]

PayString is an initiative to make payment identifiers global and human-readable, facilitating the exchange of payment information. However, the reference implementation lacks privacy and security features, making it possible for anyone to access the payment information as long as the PayString identifier is known. Also this paper presents the first performance evaluation of PayString. Via a large-scale testbed our experimental results show an overhead which, given the privacy and security advantages offered, is acceptable in practice, thus making the proposed solution feasible. [less ▲]

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