2020
DOI: 10.1109/tifs.2019.2955793
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SEAL: Sealed-Bid Auction Without Auctioneers

Abstract: We propose the first auctioneer-free sealed-bid auction protocol with a linear computation and communication complexity O(c), c being the bit length of the bid price. Our protocol, called Self-Enforcing Auction Lot (SEAL), operates in a decentralized setting, where bidders jointly compute the maximum bid while preserving the privacy of losing bids. In our protocol, we do not require any secret channels between participants. All operations are publicly verifiable; everyone including third-party observers is abl… Show more

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Cited by 20 publications
(13 citation statements)
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“…Thus, in short, the set of protocols proposed here and the comparison tables reported here leads to an opportunity to different organizations having varied expertise and capability to implement QAV based on the available resources and the exact requirement(s). The recent application of AV schemes to perform sealed bid auction [36] by performing AV for each bit of the placed bids starting from the most significant bit to the least significant bit will hopefully encourage the utilization of the proposed schemes for other socioeconomic tasks of relevance. We hope that the set of proposed QAV schemes will motivate experimentalists to realize the protocols and find them useful in performing veto and auction in the real life situations.…”
Section: Discussionmentioning
confidence: 99%
See 1 more Smart Citation
“…Thus, in short, the set of protocols proposed here and the comparison tables reported here leads to an opportunity to different organizations having varied expertise and capability to implement QAV based on the available resources and the exact requirement(s). The recent application of AV schemes to perform sealed bid auction [36] by performing AV for each bit of the placed bids starting from the most significant bit to the least significant bit will hopefully encourage the utilization of the proposed schemes for other socioeconomic tasks of relevance. We hope that the set of proposed QAV schemes will motivate experimentalists to realize the protocols and find them useful in performing veto and auction in the real life situations.…”
Section: Discussionmentioning
confidence: 99%
“…In the present work, we have also been able to show the intrinsic connections between the AV nets and DC nets. In view of some recent works, we expect the applications of our QAV protocols for the implementation of sealed bid auctions [36].…”
Section: Introductionmentioning
confidence: 99%
“…Some interesting approaches such as Anon-Pass [14] and SEAL [15] can be further tailored for blockchain implementation. Anon-Pass is an anonymous subscription service focusing on trade-off between unlinkability vs. re-authentication epoch.…”
Section: Related Workmentioning
confidence: 99%
“…Of course, it seems challenging to design a sealed-bid auction scheme without an auctioneer, since there has always been no practical and feasible solution even in classical settings. Until recently, S. Bag et al proposed the first auctioneer-free sealed-bid auction scheme [35], in which all bidders jointly compute the maximum bid bit-by-bit by using classical cryptographic technology, i.e., each bit applying the two-round classical anonymous veto protocol. Accordingly, it has a linear computation and communication complexity O(c), c being the bit length of the bid price.…”
Section: Introductionmentioning
confidence: 99%