A trustworthy Internet auction model with verifiable fairness

Bibliographic Data

ID12420653
AuthorsGen‐Yih Liao (0000-0002-6712-1400, National Yang Ming Chiao Tung University, corresponding author), Jing‐Jang Hwang (National Yang Ming Chiao Tung University)
Year2001
Volume11
Issue2
Pages159-166
Publication date2001-05-01
Open AccessYes
TypeARTICLE
VenueInternet Research (JOURNAL)
Journal identifiersISSN: 1066-2243 • E-ISSN: 2054-5657
PublisherEmerald Publishing Limited (PUBLISHER • GB)
DOI10.1108/10662240110388215
OpenAlexW2055445578
LanguageEN
Citations received2
References cited10

Describes a novel Internet auction model achieving verifiable fairness, a requirement aimed at enhancing the trust of bidders in auctioneers. Distrust in remote auctioneers prevents bidders from participating in Internet auctioning. According to proposed survey reports, this study presents four characteristics that render the Internet untrustworthy for bidders. These intrinsic properties suggest that auction sites not only follow auction policies, but provide customers with evidence validating that the policies are applied fairly. Evidence of verifiable fairness provides bidders with a basis for confidence in Internet auctions. Cryptographic techniques are also applied herein to establish a novel auction model with evidence to manifest and verify every step of the auctioneer. Analysis results demonstrate that the proposed model satisfies various requirements regarding fairness and privacy. Moreover, in the proposed model, the losing bids remain sealed

Auction theory · Common value auction · Computer security · Distrust · Economics · Microeconomics · Set (abstract data type · The Internet · Trustworthiness · Verifiable secret sharing · Vickrey auction · Vickrey–Clarke–Groves auction · World Wide Web · Auction Theory and Applications · Blockchain Technology Applications and Security · Computer Science · Cryptography and Data Security

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