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Jisuanji gongcheng

Fair Exchange Protocol with Distributed Semi-trusted Third Party

Futai Zhang

Published Jan 1, 2006• 0 citations
OpenAlex

Abstract

The techniques of verifiable secret sharing and verifiable encryption are used in the construction of two party fair exchange protocols.The novelty of the construction lies in the introduction of the distributed semi-trusted third party.Compared to the previous fair exchange protocols with a single semi-trusted third party,the newly constructed fair exchange protocol can further guarantee the security and fairness of the transaction due to the existence of the distributed semi-trusted third party.

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The techniques of verifiable secret sharing and verifiable encryption are used in the construction of two party fair exchange protocols.The novelty of the construction lies in the introduction of the distributed semi-trusted third party.Compared to the previous fair exchange protocols with a single semi-trusted third party,the newly constructed fair exchange protocol can further guarantee the security and fairness of the transaction due to the existence of the distributed semi-trusted third party.
This paper presents an optimistic protocol based on the scheme of public verifiable secret share for distributed fair exchange. A distributed third party is designed to guarantee the fairness of exchange. Comparing to traditional trusted third party, this distributed third party is not fixed but dynamically selected by the players of exchange. This solution can effectively remove the risk of single point of failure and defend compromising attacks. The results of protocol analysis show that the protocol guarantees strong fairness and effectiveness of up to one-half malicious participants in distributed third party.
The difference between the fair exchange protocols and the non-repudiation protocols is proposed. Based on the publicly verifiable secret sharing scheme and group encryption scheme, a new multi-party fair exchagne protocol with an off-line semi-Trusted Third Party(off-STTP) is presented. The off-STTP who need not be completely trusted intervenes into the exchange in case of trouble. That the off-STTP can only decipher a sub-secret key makes sure the confidentiality of exchange data and the true fairness of the barter. The participants can barter with others at their will and the exchange topology is unknown to others including the off-STTP.