267 research outputs found
Integration of Blockchain and Auction Models: A Survey, Some Applications, and Challenges
In recent years, blockchain has gained widespread attention as an emerging
technology for decentralization, transparency, and immutability in advancing
online activities over public networks. As an essential market process,
auctions have been well studied and applied in many business fields due to
their efficiency and contributions to fair trade. Complementary features
between blockchain and auction models trigger a great potential for research
and innovation. On the one hand, the decentralized nature of blockchain can
provide a trustworthy, secure, and cost-effective mechanism to manage the
auction process; on the other hand, auction models can be utilized to design
incentive and consensus protocols in blockchain architectures. These
opportunities have attracted enormous research and innovation activities in
both academia and industry; however, there is a lack of an in-depth review of
existing solutions and achievements. In this paper, we conduct a comprehensive
state-of-the-art survey of these two research topics. We review the existing
solutions for integrating blockchain and auction models, with some
application-oriented taxonomies generated. Additionally, we highlight some open
research challenges and future directions towards integrated blockchain-auction
models
Security and Privacy in Online Social Networks
The explosive growth of Online Social Networks (OSNs) over the past few years has redefined the way people interact with existing friends and especially make new friends. OSNs have also become a great new marketplace for trade among the users. However, the associated privacy risks make users vulnerable to severe privacy threats. In this dissertation, we design protocols for private distributed social proximity matching and a private distributed auction based marketplace framework for OSNs. In particular, an OSN user looks for matching profile attributes when trying to broaden his/her social circle. However, revealing private attributes is a potential privacy threat. Distributed private profile matching in OSNs mainly involves using cryptographic tools to compute profile attributes matching privately such that no participating user knows more than the common profile attributes. In this work, we define a new asymmetric distributed social proximity measure between two users in an OSN by taking into account the weighted profile attributes (communities) of the users and that of their friends’. For users with different privacy requirements, we design three private proximity matching protocols with increasing privacy levels. Our protocol with highest privacy level ensures that each user’s proximity threshold is satisfied before revealing any matching information. The use of e-commerce has exploded in the last decade along with the associated security and privacy risks. Frequent security breaches in the e-commerce service providers’ centralized servers compromise consumers’ sensitive private and financial information. Besides, a consumer’s purchase history stored in those servers can be used to reconstruct the consumer’s profile and for a variety of other privacy intrusive purposes like directed marketing. To this end, we propose a secure and private distributed auction framework called SPA, based on decentralized online social networks (DOSNs) for the first time in the literature. The participants in SPA require no trust among each other, trade anonymously, and the security and privacy of the auction is guaranteed. The efficiency, in terms of communication and computation, of proposed private auction protocol is at least an order of magnitude better than existing distributed private auction protocols and is suitable for marketplace with large number of participants
Blockchain-Coordinated Frameworks for Scalable and Secure Supply Chain Networks
Supply chains have progressed through time from being limited to a few regional traders to becoming complicated business networks. As a result, supply chain management systems now rely significantly on the digital revolution for the privacy and security of data. Due to key qualities of blockchain, such as transparency, immutability and decentralization, it has recently gained a lot of interest as a way to solve security, privacy and scalability problems in supply chains. However conventional blockchains are not appropriate for supply chain ecosystems because they are computationally costly, have a limited potential to scale and fail to provide trust. Consequently, due to limitations with a lack of trust and coordination, supply chains tend to fail to foster trust among the network’s participants. Assuring data privacy in a supply chain ecosystem is another challenge. If information is being shared with a large number of participants without establishing data privacy, access control risks arise in the network. Protecting data privacy is a concern when sending corporate data, including locations, manufacturing supplies and demand information. The third challenge in supply chain management is scalability, which continues to be a significant barrier to adoption. As the amount of transactions in a supply chain tends to increase along with the number of nodes in a network. So scalability is essential for blockchain adoption in supply chain networks. This thesis seeks to address the challenges of privacy, scalability and trust by providing frameworks for how to effectively combine blockchains with supply chains. This thesis makes four novel contributions. It first develops a blockchain-based framework with Attribute-Based Access Control (ABAC) model to assure data privacy by adopting a distributed framework to enable fine grained, dynamic access control management for supply chain management. To solve the data privacy challenge, AccessChain is developed. This proposed AccessChain model has two types of ledgers in the system: local and global. Local ledgers are used to store business contracts between stakeholders and the ABAC model management, whereas the global ledger is used to record transaction data. AccessChain can enable decentralized, fine-grained and dynamic access control management in SCM when combined with the ABAC model and blockchain technology (BCT). The framework enables a systematic approach that advantages the supply chain, and the experiments yield convincing results. Furthermore, the results of performance monitoring shows that AccessChain’s response time with four local ledgers is acceptable, and therefore it provides significantly greater scalability. Next, a framework for reducing the bullwhip effect (BWE) in SCM is proposed. The framework also focuses on combining data visibility with trust. BWE is first observed in SC and then a blockchain architecture design is used to minimize it. Full sharing of demand data has been shown to help improve the robustness of overall performance in a multiechelon SC environment, especially for BWE mitigation and cumulative cost reduction. It is observed that when it comes to providing access to data, information sharing using a blockchain has some obvious benefits in a supply chain. Furthermore, when data sharing is distributed, parties in the supply chain will have fair access to other parties’ data, even though they are farther downstream. Sharing customer demand is important in a supply chain to enhance decision-making, reduce costs and promote the final end product. This work also explores the ability of BCT as a solution in a distributed ledger approach to create a trust-enhanced environment where trust is established so that stakeholders can share their information effectively. To provide visibility and coordination along with a blockchain consensus process, a new consensus algorithm, namely Reputation-based proof-of cooperation (RPoC), is proposed for blockchain-based SCM, which does not involve validators to solve any mathematical puzzle before storing a new block. The RPoC algorithm is an efficient and scalable consensus algorithm that selects the consensus node dynamically and permits a large number of nodes to participate in the consensus process. The algorithm decreases the workload on individual nodes while increasing consensus performance by allocating the transaction verification process to specific nodes. Through extensive theoretical analyses and experimentation, the suitability of the proposed algorithm is well grounded in terms of scalability and efficiency.
The thesis concludes with a blockchain-enabled framework that addresses the issue of preserving privacy and security for an open-bid auction system. This work implements a bid management system in a private BC environment to provide a secure bidding scheme. The novelty of this framework derives from an enhanced approach for integrating BC structures by replacing the original chain structure with a tree structure. Throughout the online world, user privacy is a primary concern, because the electronic environment enables the collection of personal data. Hence a suitable cryptographic protocol for an open-bid auction atop BC is proposed. Here the primary aim is to achieve security and privacy with greater efficiency, which largely depends on the effectiveness of the encryption algorithms used by BC. Essentially this work considers Elliptic Curve Cryptography (ECC) and a dynamic cryptographic accumulator encryption algorithm to enhance security between auctioneer and bidder. The proposed e-bidding scheme and the findings from this study should foster the further growth of BC strategies
Online Auctions and Social Media
With new forms of technology continually coming out, people have been creating
more modern and convenient ways to find and complete tasks, and this leads to new jobs
coming to life. In the wake of these changes, online auctions and social media have become
more prevalent and have helped small businesses thrive and survive against bigger
companies. This thesis examines how online auctions and social media collect information
and how it is possible that both systems could be combined to improve both sites and
business across both systems, which will affect the overall United States economy. The
results show how actually forming this merging would be difficult, but there are possibilities
that could lead to both systems becoming one in the future
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