Secure and Efficient Electronic Auctions

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For the first time in history electronic commerce promises the possibility of auctions to decide the correct market price for a widespread variety of everyday goods and services. Security and efficiency are critical factors in making this a reality, but almost all the many protocols for secure auctions proposed to date suffer from extreme computational requirements. This project will develop efficient and secure auction protocols using innovative approaches based on advanced cryptographic techniques. In particular we will pioneer the exploration of secure microauctions suitable for negotiating the price of small value goods and utilities in almost real time.