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FileBounty: Fair Data Exchange

Janin, Simon; Qin, Kaihua; Mamageishvili, Akaki; Gervais, Arthur; (2020) FileBounty: Fair Data Exchange. In: 2020 IEEE European Symposium on Security and Privacy Workshops (EuroS&PW). (pp. pp. 357-366). IEEE: Genoa, Italy. Green open access

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Abstract

Digital contents are typically sold online through centralized and custodian marketplaces, which requires the trading partners to trust a central entity. We present FileBounty, a fair protocol which, assuming the cryptographic hash of the file of interest is known to the buyer, is trust-free and lets a buyer purchase data for a previously agreed monetary amount, while guaranteeing the integrity of the contents. To prevent misbehavior, FileBounty guarantees that any deviation from the expected participants’ behavior results in a negative financial payoff; i.e. we show that honest behavior corresponds to a subgame perfect Nash equilibrium. Our novel deposit refunding scheme is resistant to extortion attacks under rational adversaries. If buyer and seller behave honestly, FileBounty’s execution requires only three on-chain transactions, while the actual data is exchanged off-chain in an efficient and privacypreserving manner. We moreover show how FileBounty enables a flexible peer-to-peer setting where multiple parties fairly sell a file to a buyer.

Type: Proceedings paper
Title: FileBounty: Fair Data Exchange
Event: 2020 IEEE European Symposium on Security and Privacy Workshops (EuroS&PW)
Dates: 7 Sep 2020 - 11 Sep 2020
Open access status: An open access version is available from UCL Discovery
DOI: 10.1109/eurospw51379.2020.00056
Publisher version: https://doi.org/10.1109/EuroSPW51379.2020.00056
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Computer Science
URI: https://discovery.ucl.ac.uk/id/eprint/10182334
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