Secure sealed-bid online auctions using discreet cryptographic proofs

TitleSecure sealed-bid online auctions using discreet cryptographic proofs
Publication TypeJournal Article
Year of Publication2013
AuthorsJ. A. Montenegro, M. J. Fischer, J. Lopez, and R. Peralta
JournalMathematical and Computer Modelling
Date PublishedJun 2013
ISSN Number0895-7177

This work describes the design and implementation of an auction system using secure multiparty computation techniques. Our aim is to produce a system that is practical under actual field constraints on computation, memory, and communication. The underlying protocol is privacy-preserving, that is, the winning bid is determined without information about the losing bids leaking to either the auctioneer or other bidders. Practical implementation of the protocol is feasible using circuit-based cryptographic proofs along with additively homomorphic bit commitment. Moreover, we propose the development of a Proof Certificatestandard. These certificates convey sufficient information to recreate the cryptographic proofs and verify them offline.

Citation KeyMFLR13
Paper File: