Analysis of Digital Knapsack Based Sealed Bid Auction

📝 Original Info

• Title: Analysis of Digital Knapsack Based Sealed Bid Auction
• ArXiv ID: 1405.0201
• Date: 2014-05-02
• Authors: Researchers from original ArXiv paper

📝 Abstract

The need of totally secure online auction has led to the invention of many auction protocols. But as new attacks are developed, auction protocols also require corresponding strengthening. We analyze the auction protocol based on the well-known mathematical public-key knapsack problem for the design of asymmetric public-key knapsack trapdoor cryptosystem. Even though the knapsack system is not cryptographically secure, it can be used in certain auction situations. We describe the limitations of the protocol like detecting and solving the tie between bidders, malicious behavior of participants and also selection of price set by the seller and offer solutions.

💡 Deep Analysis

Deep Dive into Analysis of Digital Knapsack Based Sealed Bid Auction.

The need of totally secure online auction has led to the invention of many auction protocols. But as new attacks are developed, auction protocols also require corresponding strengthening. We analyze the auction protocol based on the well-known mathematical public-key knapsack problem for the design of asymmetric public-key knapsack trapdoor cryptosystem. Even though the knapsack system is not cryptographically secure, it can be used in certain auction situations. We describe the limitations of the protocol like detecting and solving the tie between bidders, malicious behavior of participants and also selection of price set by the seller and offer solutions.

📄 Full Content

Reference