An Auction Protocol Preserving Privacy of Losing Bids with a Secure Value Comparison Scheme

Koji CHIDA  Kunio KOBAYASHI  Hikaru MORITA  

Publication
IEICE TRANSACTIONS on Fundamentals of Electronics, Communications and Computer Sciences   Vol.E87-A   No.1   pp.173-181
Publication Date: 2004/01/01
Online ISSN: 
DOI: 
Print ISSN: 0916-8508
Type of Manuscript: Special Section PAPER (Special Section on Cryptography and Information Security)
Category: Applications
Keyword: 
sealed-bid auction,  value comparison,  collision-resistant function,  decision Diffie-Hellman problem,  

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Summary: 
A new approach for electronic sealed-bid auctions that preserve the privacy of losing bids is presented. It reduces the number of operations performed by the auctioneers to O(log ); previous protocols require O(N ) or O(N log ) where the number of bidders is N and that of available bidding prices is . Namely, the number of auctioneers' operations in our auction protocol is independent of the number of bidders. This feature offers strong advantages in massive auctions. We also propose a new scheme that checks the equality of two values without disclosing them. The scheme enhances our basic auction protocol, in terms of security and communication costs.