A trustworthy Internet auction model with verifiable fairness

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 char...

Full description

Saved in:
Bibliographic Details
Published in:Internet research 2001-01, Vol.11 (2), p.159-166
Main Authors: Liao, Gen-Yih, Hwang, Jing-Jang
Format: Article
Language:English
Subjects:
Algorithms
Auctions
Bids
Business
Cheating
Computer Oriented Programs
Computer privacy
Computer Security
Consumer behavior
Consumer Economics
Cryptography
Digital signatures
Electronic commerce
Electronic Equipment
Environment
Evidence
Fraud
Information management
Internet
Network security
Online auctions
Online Systems
Privacy
Purchasing
Studies
Trust
Validity
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary: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.
ISSN:1066-2243
2054-5657
DOI:10.1108/10662240110388215