Title
A fair protocol for signing contracts
Abstract
Two parties, A and B, want to sign a contract C over a communication network. To do so, they must simultaneously exchange their commitments to C. Since simultaneous exchange is usually impossible in practice, protocols are needed to approximate simultaneity by exchanging partial commitments in piece-by-piece manner. During such a protocol, one party or another may have a slight advantage; a fair protocol keeps this advantage within acceptable limits. A new protocol is proposed. It is fair in the sense that, at any stage in its execution, the conditional probability that one party cannot commit both parties to the contract given that the other party can, is close to zero. This is true even if A and B have vastly different computing powers and is proved under very weak cryptographic assumptions.<>
Year
DOI
Venue
1990
10.1109/18.50372
Information Theory, IEEE Transactions  
Keywords
Field
DocType
cryptography,information theory,protocols,communication network,conditional probability,fair protocol,signing contracts
Discrete mathematics,Mathematical economics,Telecommunications network,Conditional probability,Computer science
Journal
Volume
Issue
ISSN
36
1
0018-9448
Citations 
PageRank 
References 
118
31.83
8
Authors
4
Search Limit
100118
Name
Order
Citations
PageRank
Michael Ben-Or12008420.97
Oded Goldreich2123762035.01
Silvio Micali3114342581.31
Ronald L. Rivest4119923759.47