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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The Author(s)

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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.