TREDD - Trustless escrow for digital data
This is Tredd, a software library that allows a buyer and a seller of some information to exchange payment for data securely.
It relies on the TxVM blockchain and includes a demonstration client and server (in cmd/tredd).
A buyer sends a request for some content to a seller. The seller responds with an encrypted copy of the content. The buyer sends a partial blockchain transaction to the seller, containing payment for the content. The seller completes the partial transaction and publishes it to the blockchain. The completed transaction reveals the decryption key, which the buyer uses to decrypt the content. The buyer has a way to claim a refund if the key fails to produce the promised content.
For more information, see this detailed explanation of Tredd’s design and operation.
(There is also an appendix.)
For the motivation behind Tredd, see Why Tredd.
For step-by-step instructions for running the Tredd server and client, see Trying Tredd.