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A Fair Three-Party Contract Singing Protocol Based on Blockchain

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Cyberspace Safety and Security (CSS 2017)

Part of the book series: Lecture Notes in Computer Science ((LNSC,volume 10581))

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Abstract

Contract signing allows two or more mutual distrust entities to sign a predefined digital contract in a fair and effective way. It is a significant cryptographic service in commercial environment, where the crucial property for contract signing protocols is fairness. The existing solutions involved a trusted third party (TTP) to solve the problem of fairness. However, the existence of TTP become a bottleneck, since it can be a single point of failure or suffer from external or internal attack. In this paper, we propose a fair three-party contract singing protocol based on the primitive of blockchain, which provides a novel solution to design a fair protocol without a TTP. Our proposed construction makes use of the verifiable encrypted signature and the blockchain to accomplish the fair exchange. As result, a dishonest party will be monetarily penalized as it aborts after receiving the current output. Moreover, the privacy of the contract content can be preserved on the public chain.

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Acknowledgments

This work is supported by the National Natural Science Foundation of China (No. 61572382), China 111 Project (No. B16037), and the Natural Science Basic Research Plan in Shaanxi Province of China (No. 2016JZ021).

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Authors and Affiliations

  1. State Key Laboratory of Integrated Service Networks (ISN), Xidian University, Xi’an, People’s Republic of China

    Hui Huang & Xiaofeng Chen

  2. Department of Computer Science and Information Engineering, Providence University, Taichung, Taiwan

    Kuan-Ching Li

Authors
  1. Hui Huang
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  2. Kuan-Ching Li
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  3. Xiaofeng Chen
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Corresponding author

Correspondence to Xiaofeng Chen .

Editor information

Editors and Affiliations

  1. Deakin University , Geelong, China

    Sheng Wen

  2. Fujian Normal University, Fuzhou Shi, China

    Wei Wu

  3. University of Salerno, Fisciano, Italy

    Aniello Castiglione

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Huang, H., Li, KC., Chen, X. (2017). A Fair Three-Party Contract Singing Protocol Based on Blockchain. In: Wen, S., Wu, W., Castiglione, A. (eds) Cyberspace Safety and Security. CSS 2017. Lecture Notes in Computer Science(), vol 10581. Springer, Cham. https://doi.org/10.1007/978-3-319-69471-9_6

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  • DOI: https://doi.org/10.1007/978-3-319-69471-9_6

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-69470-2

  • Online ISBN: 978-3-319-69471-9

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