Fair and Decentralized Exchange of Digital Goods

February 22, 2020 Β· Declared Dead Β· πŸ› IACR Cryptology ePrint Archive

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Authors Ariel Futoransky, Carlos Sarraute, Daniel Fernandez, Matias Travizano, Ariel Waissbein arXiv ID 2002.09689 Category cs.CR: Cryptography & Security Cross-listed cs.CY, cs.SI Citations 3 Venue IACR Cryptology ePrint Archive Last Checked 4 months ago
Abstract
We construct a privacy-preserving, distributed and decentralized marketplace where parties can exchange data for tokens. In this market, buyers and sellers make transactions in a blockchain and interact with a third party, called notary, who has the ability to vouch for the authenticity and integrity of the data. We introduce a protocol for the data-token exchange where neither party gains more information than what it is paying for, and the exchange is fair: either both parties gets the other's item or neither does. No third party involvement is required after setup, and no dispute resolution is needed.
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