Requirements and Design for Voucher Trading System (VTS)

Crediting loyalty points and collecting digital coupons or gift certificates are common functions in purchasing and trading transactions. These activities can be generalized using the concept of a "voucher", which is a digital representation of the right to claim goods or services. This document presents a Voucher Trading System (VTS) that circulates vouchers securely and its terminology; it lists design principles and requirements for VTS and the Generic Voucher Language (GVL), with which diverse types of vouchers can be described. This memo provides information for the Internet community.