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A Novel Approach to Fully Private and Secure Auction: A Sealed Bid Knapsack Auction

2012/11/12 by Maged Hamada Ibrahim, Maged hamada Ibrahim, Ibrahim, Maged hamada
Computer Science · Decision Sciences · #Auction Theory and Applications #Blockchain Technology Applications and Security #Computers and Society (cs.CY) #Cryptography and Data Security #Cryptography and Security (cs.CR) #FOS: Computer and information sciences #cs.CR #cs.CY

paper · pdf · doi:10.48550/arxiv.1211.2875

10 pages

arxiv created 2012/11/13 · openalex publication_date 2012/11/13 · arxiv updated 2012/11/14 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28

Abstract

In an electronic auction protocol, the main participants are the seller, a set of trusted auctioneer(s) and the set of bidders. In this paper we consider the situation where there is a seller and a set of n bidders intending to come to an agreement on the selling price of a certain good. Full private or bidder-resolved auction means that this agreement is reached without the help of trusted parties or auctioneers. Therefore, only the seller and the set of bidders are involved, the role of the auctioneers becomes obsolete in this case. property.We propose a new technique for the design of a full private sealed-bid auction protocol.

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