Securing Offline Payments with TEE (Trusted Execution Environment)
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About this video
This video explores how TEE (Trusted Execution Environment) guarantees secure authorization even when offline. Discover the balance of risks and benefits involved in utilizing payment channels and learn to navigate these systems effectively for peace of mind. #TrustedExecutionEnvironment #PaymentSecurity #OfflinePayments #FinancialTechnology #SecureTransactions #RiskManagement #Authorization #TechInFinance #DigitalPayments #PaymentSolutions #NEARAI #nearprotocol
Transcript
130 wordsCaptions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.
- 0:00
it's like I'm offline but the payment Channel you're trying to use does not allow you to close it without me authorizing it so I will gladly use the payment channel right and so you know that that the te will close the payment channel for you if you ask it to do that uh and the te knows that you will not be able to close it without its authorization right so then it can be completely offline and your your only risk is you know if it crashes if it
- 0:23
gets wiped out but then you know so so that's that's a trade-off right you choose how much you want to put in the payment Channel and this sing the risks but it's a it's a viable viable