Instruct: Identify the main and secondary category of Arxiv papers based on the titles and abstracts
Query: Regulation conform DLT-operable payment adapter based on trustless -
  justified trust combined generalized state channels   Open technologies, decentralized computation and intelligent applications
enable the third-generation web, Web 3.0, thereby digitizing whole industries.
The emerging Economy of Things (EoT) will be based on software agents running
on peer-to-peer trustless networks that require a programmable, regulation
conform means of payment. We give an overview of current solutions that differ
in their fundamental values and technological possibilities, like e.g.
private-issued stablecoins, DLT-issued electronic money and genuine
cryptocurrencies. Based on this analysis, we present the concept of justified
trust and propose to combine the strengths of the crypto based, decentralized
trustless elements with established and well regulated means of payment, based
on this concept, via a secure external re-balancing interface.
  Combining the advantages, e.g. lightweight, trustless, efficient high
frequency micro state transfers on the one hand, and ease of use, widely
spread, accepted alignment to a multitude of regulative requirements, on the
other hand, while neither leading into a lock-in in any of the proposed
solutions, nor undermining the basic principles of the crypto-movement or
unnecessarily reinforcing the banking system provides a synergy and the
necessary flexibility for further evolution alongside the regulative framework.
This offers a regulation conform transitional solution that can be implemented
in the short term, which enables companies to place their decentralized
business operations in a regulated environment.
  The contribution of our work is twofold: First, we illustrate and discuss
different DLT-operable means of payment. Second, our research proposes a novel
hybrid payment solution by interfacing trustless with justified trust combined
generalized state channels.

20
The categories of this paper are: acc-phys
22
The categories of this paper are: chao-dyn
9
The categories of this paper are: nlin
31
The categories of this paper are: ao-sci
2
The categories of this paper are: math
4
The categories of this paper are: cond-mat
33
The categories of this paper are: plasm-ph
18
The categories of this paper are: econ
24
The categories of this paper are: dg-ga
21
The categories of this paper are: adap-org
34
The categories of this paper are: chem-ph
26
The categories of this paper are: bayes-an
7
The categories of this paper are: hep-th
25
The categories of this paper are: patt-sol
37
The categories of this paper are: supr-con
27
The categories of this paper are: comp-gas