Virginia Commonwealth University
VCU Scholars Compass
Capstone Design Expo Posters School of Engineering
2016
Cryptocurrency: Proof of Purchase
Adam Johnson
Virginia Commonwealth University
Robert Breckenridge
Virginia Commonwealth University
Kara Lucord
Virginia Commonwealth University
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Team Members: Adam Johnson,
Cryptocurrency
Robert Breckenridge, and Kara
Lucord
Faculty Advisor: Dr. Robert Dahlberg
Sponsor: Hong-Sheng Zhou
Proof of Purchase
Concept Technology Solution
Before you consider using some of the more popular digital The Blockchain: a unique form of storage Ethereum Smart Contracts (eReceipt):
currencies, such as BitCoin or Ripple, you may ask yourself: u Transaction ledger u Gives more detailed information about each
u Linked List transaction
How secure will my purchases be? u Blocks linked by hash computed by miners u Dormant until payment received
How will I be able to prove that I bought a product without a u New levels of security
traditional banking ledger? - Transaction
- Immutable data
If I purchase an internet product, how will I know that, that
product is going to get to me? Graphical User Interface:
Currently included in BitCoin transaction data: u Send transactions
u Account manipulations
u To u Generate new receipts
u From u View past receipts
u Amount
Using Ethereum, we have been able to add the following to
transaction data:
u To
u Date
u Product Order Number
u Product Name
u Notes
Ethereum: cryptocurrency platform
u Turing complete
With the program designed by our team, users of the
u Blockchain holds executable programs
cryptocurrency Ethererum are guaranteed a proof of their
u Smart Contracts
purchase.
