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Sealed-Bid Auctions with Efficient Bids

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Information Security and Cryptology - ICISC 2003 (ICISC 2003)

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Abstract

Efficient general secure multiparty computation (MPC) protocols were previously proposed, and the combination with the efficient auction circuits achieves the efficient sealed-bid auctions with the full privacy and correctness. However, the combination requires that each bidder submits ciphertexts of bits representing his bid, and their zero-knowledge proofs. This cost amounts to about 80 multi-exponentiations in usual case that the bid size is 20 bits (i.e. about 1,000,000 bid prices). This paper proposes the sealed-bid auction protocols based on the efficient MPC protocols, where a bidder can submit only a single ciphertext. The bidder’s cost is a few multi-exponentiations, and thus the proposed protocols are suitable for mobile bidders.

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Nakanishi, T., Yamamoto, D., Sugiyama, Y. (2004). Sealed-Bid Auctions with Efficient Bids. In: Lim, JI., Lee, DH. (eds) Information Security and Cryptology - ICISC 2003. ICISC 2003. Lecture Notes in Computer Science, vol 2971. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-24691-6_18

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  • DOI: https://doi.org/10.1007/978-3-540-24691-6_18

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-21376-5

  • Online ISBN: 978-3-540-24691-6

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