INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
Online auction systems allow to achieve an optimal trading of digital goods and services in a competitive market. blockchain-based auctions allow the bidders to take part in the process while maintaining the confidentiality of their bids in a decentralized, transparent, secure and auditable way. However, in a competitive market, parties would prefer not to disclose their interests to competitors, and to remain anonymous during auctions. In this project, we firstly analyze the specific requirements for blockchain-based anonymous fair auctions. We propose a formal model tailored to study auction systems facilitating anonymity, and we put forward a generic protocol relying on existing cryptographic primitives, such as designated verifier ring signature, to achieve bid confidentiality and bidder anonymity. Finally, we prove it to be secure against the security model we defined.
Keywords:
primitives,cryptographic
Cite Article:
"SECURE ONLINE AUCTION SYSTEM USING WEB APPLICATION", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 3, page no.c4-c8, March-2023, Available :http://www.ijnrd.org/papers/IJNRD2303202.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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