by ANNOR LESLIE
To conduct electronic financial transactions in cyberspace via computer networks and further gives location about vendors where electronic
The main goal of the proposed project is to facilitate transactions over the internet. The concept of e-cash was conceived by David Chaum in 1983. Chaum published the idea of anonymous electronic money in a 1983 paper; e-Cash software on the user's local computer stored money in a digital format, cryptographically signed by a bank. The user could spend the digital money at any shop accepting e-Cash, without having to open an account with the vendor first, or transmitting credit card numbers. Security was ensured by public key digital signature schemes.