A fair multi-attribute data transaction mechanism supporting cross-chain

Kuan Fan, Chaozhi Zhou, Ning Lu, Wenbo Shi, Victor Chang*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

Reliable storage and high-speed data networks enable individuals to access high-quality Internet of Things (IoT) data for scientific research through global transactions. Blockchain technology provides transparency for institutions to securely store and manage IoT data, while cross-chain transaction mechanisms facilitate the flow of IoT data. However, fairness issues may arise when it comes to cross-chain transactions of IoT data. This paper proposes a mechanism for multi-attribute data transactions to support cross-chain. The solution utilizes Vickrey-Clarke-Groves (VCG) auction, Paillier, Intel SGX, and other technologies to design a secure and equitable data seller selection scheme. The scheme ensures that the selection process for data sellers is both informed and private. Additionally, we generate a key pair for each attribute in the dataset to produce the corresponding attribute data signature. The dataset’s legitimacy is verified through batch verification to ensure that the data seller’s purchased attributes align with their requirements. The exchange of crypto assets and private keys between data sellers and buyers is designed to achieve fair payment. Our research suggests that the scheme meets the necessary security standards, and simulation results confirm its feasibility and effectiveness.
Original languageEnglish
Article number101339
Number of pages21
JournalInternet of Things (Netherlands)
Volume28
Early online date26 Aug 2024
DOIs
Publication statusPublished - Dec 2024

Bibliographical note

Copyright © 2024 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license (https://creativecommons.org/licenses/by/4.0/)

Keywords

  • Fairness
  • Data transaction
  • IoT data
  • Multi-attribute
  • Cross-chain

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