@inproceedings{47916ad7285c4fa5b805964a8c79dc48,
title = "Designing Smart-Contract Based Auctions",
abstract = "In this paper, we developed an online auction system based on Ethereum smart contracts. A smart contract is executable code that runs on top of the blockchain{\^A} to facilitate, execute and enforce an agreement between untrusted parties without the involvement of a trusted third party. A decentralised auction guarantees greater transparency and avoids cheating auctioneers. Since in Ethereum computation is expensive as transactions are executed and verified by all the nodes on Ethereum network, we analysed our implementation in terms of cost and time efficiency, obtaining promising results.",
keywords = "Auction, Blockchain, Smart contract",
author = "Chiara Braghin and Stelvio Cimato and Ernesto Damiani and Michael Baronchelli",
note = "Publisher Copyright: © 2020, Springer Nature Switzerland AG.; 2nd International Conference on Security with Intelligent Computing and Big-data Services, SICBS 2018 ; Conference date: 14-12-2018 Through 16-12-2018",
year = "2020",
doi = "10.1007/978-3-030-16946-6_5",
language = "British English",
isbn = "9783030169459",
series = "Advances in Intelligent Systems and Computing",
publisher = "Springer Verlag",
pages = "54--64",
editor = "Jain, {Lakhmi C.} and Jain, {Lakhmi C.} and Jain, {Lakhmi C.} and Ching-Nung Yang and Sheng-Lung Peng and Jain, {Lakhmi C.}",
booktitle = "Security with Intelligent Computing and Big-data Services - Proceedings of the 2nd International Conference on Security with Intelligent Computing and Big Data Services SICBS-2018",
address = "Germany",
}