Secure Cryptographic E-Auction System
The evolution of the auction market has been on the upswing throughout the years as technology evolves at an accelerating rate. With the advanced technology nowadays, digital transformation has been applied to the auction markets as a means of transferring goods or services in an online form. El...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universitas Indonesia
2022-11-01
|
| Series: | International Journal of Technology |
| Subjects: | |
| Online Access: | https://ijtech.eng.ui.ac.id/article/view/5827 |
| Summary: | The evolution of the
auction market has been on the upswing throughout the years as technology
evolves at an accelerating rate. With the advanced technology nowadays, digital
transformation has been applied to the auction markets as a means of
transferring goods or services in an online form. Electronic auctions enable
sellers to reach a broader range of prospective bidders and participate in the
auctions anywhere-anytime. Nevertheless, the security aspects of the e-auction
system have become the main concerns for the parties involved. Hence, a secure
cryptographic electronic auction system is proposed by employing the underlying
cryptographic schemes as the building blocks, namely, asymmetric encryption,
digital signature scheme, and hash functions. The proposed e-auction system
fulfills the security requirements, encompassing anonymity, correctness,
confidentiality, privacy, integrity, and fairness. Performance analysis has
also been performed on our proposed e-auction system. |
|---|---|
| ISSN: | 2086-9614 2087-2100 |