Local economies are the backbone of global economic prosperity. Small and Medium Enterprises (SMEs) have their preferred methods of conducting business, ranging from bank loans to alternative financing solutions. Among these, IOUs stand out as a favored mechanism for business-to-business transactions, owing to their flexibility and reliance on mutual trust between parties. IOUs have evolved significantly from their ancient origins, now manifesting in various forms, including digital notes, paper documents, and post-dated checks.
We are testing hypotheses with the cryptography approach; if this topic is also interesting, feel free to join our conversation or discussion.