OpenPGP-based financial instruments and dispute arbitration

In this paper, we present some guidelines for implementing various financial instruments for the purposes of credit and payment, including protocols for commercial transactions, dispute resolution, and establishing credit reputation. We strive to employ only widely used, standardized cryptography and keep the proposed procedures as simple as possible on the conceptual level. Also, we want all the documents to resemble their paper-based counterparts as closely as possible and be readable by humans, while also facilitating automated processing by computers. The presented results are being; actively implemented within the ePoint; System framework.