Efficient Optimistic N-Party Contract Signing Protocol

  • Authors:
  • Josep Lluís Ferrer-Gomila;Magdalena Payeras-Capellà;Llorenç Huguet i Rotger

  • Affiliations:
  • -;-;-

  • Venue:
  • ISC '01 Proceedings of the 4th International Conference on Information Security
  • Year:
  • 2001

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Abstract

Contract signing is a fundamental service in the environment of the electronic commerce. It is a kind of fair exchange of values: a signature on a text contract for another signature on the same text. We present a fair protocol that requires the existence and possible involvement of a TTP (trusted third party), but it only intervenes in case of exception (it plays a subsidiary role). The protocol is the best solution to the date in terms of efficiency. We present and analyse a two-party and three-party version of the protocol, and we outline an N-party version. Finally, it is very simple and easy to understand. If we think that at the end some conflicts will be solved in courts, it is a non worthless characteristic.