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Designing Smart-Contract Based Auctions

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Security with Intelligent Computing and Big-data Services (SICBS 2018)

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 895))

Abstract

In this paper, we developed an online auction system based on Ethereum smart contracts. A smart contract is executable code that runs on top of the blockchain to facilitate, execute and enforce an agreement between untrusted parties without the involvement of a trusted third party. A decentralised auction guarantees greater transparency and avoids cheating auctioneers. Since in Ethereum computation is expensive as transactions are executed and verified by all the nodes on Ethereum network, we analysed our implementation in terms of cost and time efficiency, obtaining promising results.

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References

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Author information

Authors and Affiliations

  1. Dipartimento di Informatica, Università degli Studi di Milano, Milano, Italy

    Chiara Braghin, Stelvio Cimato, Ernesto Damiani & Michael Baronchelli

  2. Centre on Cyber-Physical Systems, Khalifa University, Abu Dhabi, UAE

    Ernesto Damiani

Authors
  1. Chiara Braghin
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  2. Stelvio Cimato
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  3. Ernesto Damiani
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  4. Michael Baronchelli
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Corresponding author

Correspondence to Chiara Braghin .

Editor information

Editors and Affiliations

  1. Department of Computer Science and Information Engineering, National Dong Hwa University, Hualien, Taiwan

    Ching-Nung Yang

  2. Department of Computer Science and Information Engineering, National Dong Hwa University, Hualien, Taiwan

    Sheng-Lung Peng

  3. University of Canberra, Canberra, ACT, Australia

    Lakhmi C. Jain

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Braghin, C., Cimato, S., Damiani, E., Baronchelli, M. (2020). Designing Smart-Contract Based Auctions. In: Yang, CN., Peng, SL., Jain, L. (eds) Security with Intelligent Computing and Big-data Services. SICBS 2018. Advances in Intelligent Systems and Computing, vol 895. Springer, Cham. https://doi.org/10.1007/978-3-030-16946-6_5

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