Publicly Verifiable Auctions with Privacy

ePrint Report: Publicly Verifiable Auctions with Privacy

Paul Germouty, Enrique Larraia, Wei Zhang

Online auctions have a steadily growing market size, creating billions of US dollars in sales value every year. To ensure fairness and auditability while preserving the bidder's privacy is the main challenge of an auction scheme. At the same time, utility driven blockchain technology is picking up the pace, offering transparency and data integrity to many applications. In this paper, we present a blockchain-based first price sealed-bid …

applications auction blockchain challenge data data integrity eprint report fairness integrity main market paul picking privacy public report sales size technology transparency utility value