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Secure Multiparty Computation - a technology with promises for privacy
Secure Multiparty Computation – a technology with promises for privacyJakob I. PagterCentre for IT SecurityThe Alexandra Institute Ltd.
Alexandra Instituttet A/S
The planWhat is SMC
Sugar Beets
Examples of SMC as a PETWhat is SMCThe ability to work on encrypted dataBenefits:Strong security
Or, cheap security!DrawbacksPerformance
Audits
Using the right trust modelThe SIMAP Case: sugar beets[Bogetoft et al., Financial Crypto ‘09]Farmingcontrolled by EU-quotas (likeotheragriculturalproducts,fish, milk etc.)
Before 2007/2008 only bilateral tradetroughpaperads etc.
One of threefactoriesclosed and guaranteedpriceslowered => many farmerswanted to selltheirquota
Theoreticalanalysisindicatedthat a coordinatedexchangecan
Increasetrade up to 400%
Ensurealmostfullusage of national quota (lessthan 50% withoutreallocation)Trust problemHowcan the business potential berealised?!
Public-key cryptoSender and receiver each has a key: one for locking and one for unlocking

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Secure Multiparty Computation - a technology with promises for privacy

Editor's Notes

  • #6: More on trust models later