Presentation 2022-11-18
Token-Controlled Token Circulation
Ko Fujimura,
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Abstract(in Japanese) (See Japanese page)
Abstract(in English) This paper presents a general-purpose token circulating system for circulating various types of rights such as tickets, vouchers, coupons, and licenses as tokens on the blockchain. The circulation of token comprises three types of principal transactions: issuance, transfer, and redemption. Depending on the application, various conditions must be satisfied to execute these transactions, e.g., only qualified shops can issue the tokens and only a certain agent can transfer the tokens. The token circulating system issues, transfers, or redeems a token only if the control tokens are owned by the participants of the transaction. The circulation control token themselves can be any type of token, e.g., a driver's license or a membership certificate to a certain group, and recursively circulated in the token circulating system. This scheme eliminates the need to write complex circulation control in smart contract for each application, improving the security of the system and reducing development costs. The idea of using tokens for token circulation was already presented in a paper by the authors in 1999, but with the spread of modern smart contracts and token wallets, it has become a practical and feasible technology. This paper presents the implementation techniques on the smart contract and its merits.
Keyword(in Japanese) (See Japanese page)
Keyword(in English) NFT / Blockchain / Token / Smart contract / Solidity / Access control
Paper # ISEC2022-42,SITE2022-46,LOIS2022-26
Date of Issue 2022-11-11 (ISEC, SITE, LOIS)

Conference Information
Committee ISEC / SITE / LOIS
Conference Date 2022/11/18(1days)
Place (in Japanese) (See Japanese page)
Place (in English) Online
Topics (in Japanese) (See Japanese page)
Topics (in English)
Chair Noboru Kunihiro(Tsukuba Univ.) / Takushi Otani(Kibi International Univ.) / Hiroyuki Toda(NTT)
Vice Chair Junji Shikata(Yokohama National Univ.) / Goichiro Hanaoka(AIST) / Soichiro Morishita(Cyber Agent) / Takeo Tatsumi(Open Univ. of Japan) / Manabu Motegi(Takushoku Univ.)
Secretary Junji Shikata(AIST) / Goichiro Hanaoka(Ibaraki Univ.) / Soichiro Morishita(NRI-Secure) / Takeo Tatsumi(Hokuriku Univ.) / Manabu Motegi(Nagasaki Univ.)
Assistant Yoshikazu Hanatani(Toshiba) / Yusuke Tachibana(Fukuoka Inst. of Tech.) / Mana Sasagawa(NTT)

Paper Information
Registration To Technical Committee on Information Security / Technical Committee on Social Implications of Technology and Information Ethics / Technical Committee on Life Intelligence and Office Information Systems
Language JPN
Title (in Japanese) (See Japanese page)
Sub Title (in Japanese) (See Japanese page)
Title (in English) Token-Controlled Token Circulation
Sub Title (in English)
Keyword(1) NFT
Keyword(2) Blockchain
Keyword(3) Token
Keyword(4) Smart contract
Keyword(5) Solidity
Keyword(6) Access control
1st Author's Name Ko Fujimura
1st Author's Affiliation Otsuma Women's University(Otsuma Univ.)
Date 2022-11-18
Paper # ISEC2022-42,SITE2022-46,LOIS2022-26
Volume (vol) vol.122
Number (no) ISEC-258,SITE-259,LOIS-260
Page pp.pp.73-78(ISEC), pp.73-78(SITE), pp.73-78(LOIS),
#Pages 6
Date of Issue 2022-11-11 (ISEC, SITE, LOIS)