Traditional smart grid energy auctions cannot directly be integrated in blockchain due to its decentralized nature. Therefore, research works are being carried out to propose efficient decentralized auctions for energy trading. Since, blockchain is a novel paradigm which ensures trust, but it also comes up with a curse of high computation and communication complexity which eventually causes resource scarcity. Therefore, there is a need to develop and encourage development of greener and computational-friendly auctions to carry out decentralized energy trading. In this paper, we first provide a thorough motivation of decentralized auctions over traditional auctions. Afterwards, we provide in-depth design requirements that can be taken into consideration while developing such auctions. After that, we analyze technical works that have developed blockchain based energy auctions from green perspective. Finally, we summarize the article by providing challenges and possible future research directions of blockchain based energy auction from green viewpoint.
Cloud auctions provide cost-effective strategies for cloud VM allocation. Most existing cloud auctions simply assume that the auctioneer is trustable, and thus the fairness of auctions can be easily achieved. However, in fact, such a trustable auctioneer may not exist, and the fairness is non-trivial to guarantee. In this work, for the first time, we propose a decentralized cloud VM auction and trade framework based on blockchain. We realize both auction fairness and trade fairness among participants (e.g., cloud provider and cloud users) in this system, which guarantees the interest of each p…
This paper propose a protocol for lottery and a protocol for auction on quantum Blockchain. Our protocol of lottery satisfies randomness, unpredictability, unforgeability, verifiability, decentralization and unconditional security. Our protocol of auction satisfies bid privacy, posterior privacy, bids' binding, decentralization and unconditional security. Except quantum Block-chain, the main technique involved in both protocols is quantum bit commitment. Since both quantum blockchain and quantum bit commitment can be realized by the current technology, our protocols are practically feasible.
The Ethereum blockchain as a decentralized platform is so successful that many applications deployed on it. However, for the inherent transparency properties and the lack of privacy, deploying a financial application on top of it is always a challenge. In this paper, we tackle this challenge and propose an anonymous sealed-bid auction protocol based on time-released encryption atop Consortium Blockchain. We adopt a strict digital certificate-based identity mechanism of the consortium blockchain to permit legitimate participants, and utilize the blind signature based on elliptic curve technolog…
Although the iterative double auction has been widely used in many different applications, one of the major problems in its current implementations is that they rely on a trusted third party to handle the auction process. This imposes the risk of single point of failures, monopoly, and bribery. In this paper, we aim to tackle this problem by proposing a novel decentralized and trustless framework for iterative double auction based on blockchain. Our design adopts the smart contract and state channel technologies to enable a double auction process among parties that do not need to trust each ot…
Recent developments in blockchains and edge computing allows to deploy decentralized shared economy with utility tokens, where altcoins secure and reward useful work. However, the majority of the systems being developed, does not provide mechanisms to pair workers and clients, or rely on manual and insecure resolution. AStERISK bridges this gap allowing to perform sealed-bid auctions on blockchains, automatically determine the most optimal price for services, and assign clients to the most suitable workers. AStERISK allows workers to specify a minimal price for their work, and hide submitted b…
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 a…
This paper highlights the necessity to use modern blockchain technology in traditional banking sector to reduce frauds and enable high-security transactions on a permanent blockchain ledger. Reviewing different channels through which the traditional banking servers could integrate blockchain use, it is signified how a huge anti-fraud stand can be taken against bank servers allowing fraudulent transactions daily. Usage of a blockchain-based ledger is highly impactful in terms of security of a banking organization. Blockchain-based currency tokens, also referred to as Cryptocurrencies are not re…
This is an exploration of Blockchain technology that is growing in popularity and it seems to be able to disrupt a plethora of industries. A research is being conducted to examine Blockchain potential to be adopted by enterprises from different sectors as well as the parameters that could affect its adoption. Mostly known as the technology that underpins Bitcoin, this concept raised a significant interest within various markets. Blockchain offers a new approach to valued information management and sharing and it is introduced as a solution against the inefficiencies that affect the industry. E…
The popularity and applicability of mobile crowdsensing applications are continuously increasing due to the widespread of mobile devices and their sensing and processing capabilities. However, we need to offer appropriate incentives to the mobile users who contribute their resources and preserve their privacy. Blockchain technologies enable semi-anonymous multi-party interactions and can be utilized in crowdsensing applications to maintain the privacy of the mobile users while ensuring first-rate crowdsensed data. In this work, we propose to use blockchain technologies and smart contracts to o…
A smart contract on a blockchain cannot keep a secret because its data is replicated on all nodes in a network. To remedy this problem, it has been suggested to combine blockchains with trusted execution environments (TEEs), such as Intel SGX, for executing applications that demand privacy. Untrusted blockchain nodes cannot get access to the data and computations inside the TEE. This paper first explores some pitfalls that arise from the combination of TEEs with blockchains. Since TEEs are, in principle, stateless they are susceptible to rollback attacks, which should be prevented to maintain …
Blockchain has revolutionized how transactions are conducted by ensuring secure and auditable peer-to-peer coordination. This is due to both the development of decentralization, and the promotion of trust among peers. Blockchain and fog computing are currently being evaluated as potential support for software and a wide spectrum of applications, ranging from banking practices and digital transactions to cyber-physical systems. These systems are designed to work in highly complex, sometimes even adversarial, environments, and to synchronize heterogeneous machines and manufacturing facilities in…
Blockchain is a form of distributed ledger technology (DLT) where data is shared among users connected over the internet. Transactions are data state changes on the blockchain that are permanently recorded in a secure and transparent way without the need of a third party. Besides, the introduction of smart contracts to the blockchain has added programmability to the blockchain and revolutionized the software ecosystem leading toward decentralized applications (DApps) attracting businesses and organizations to employ this technology. Although promising, blockchains and smart contracts have no a…
Over the recent years, Federated machine learning continues to gain interest and momentum where there is a need to draw insights from data while preserving the data provider's privacy. However, one among other existing challenges in the adoption of federated learning has been the lack of fair, transparent and universally agreed incentivization schemes for rewarding the federated learning contributors. Smart contracts on a blockchain network provide transparent, immutable and independently verifiable proofs by all participants of the network. We leverage this open and transparent nature of smar…
Suppose that Alice plans to buy a physical good from Bob over a programmable Blockchain. Alice does not trust Bob, so she is not willing to pay before the good is delivered off-chain. Similarly, Bob does not trust Alice, so he is not willing to deliver the good before getting paid on-chain. Moreover, they are not inclined to use the services of a trusted third-party. Traditionally, such scenarios are handled by game-theoretic escrow smart contracts, such as BitHalo. In this work, we first show that the common method for this problem suffers from a major flaw which can be exploited by Bob in or…
With advancements in technology, personal computing devices are better adapted for and further integrated into people's lives and homes. The integration of technology into society also results in an increasing desire to control who and what has access to sensitive information, especially for vulnerable people including children and the elderly. With blockchain coming in to the picture as a technology that can revolutionise the world, it is now possible to have an immutable audit trail of locational data over time. By controlling the process through inexpensive equipment in the home, it is poss…
Blockchains lie at the heart of Bitcoin and other cryptocurrencies that have shown great promise to revolutionize finance and commerce. Although they are gaining increasing popularity, they face technical challenges when it comes to scaling to support greater demand while maintaining their desirable security properties. In an exciting line of recent work, many researchers have proposed various scalable blockchain protocols that demonstrate the potential to solve these challenges. However, many of these protocols come with the assumptions of honest majority and symmetric network access which ma…
