A secure multi-round electronic auction scheme
Shengli Liu, Changjie Wang, Yumin Wang · 2002
A new multi-round standard sealed bid auction scheme based on Shamir's threshold secret sharing scheme is proposed. The scheme guarantees that no information about the losing bidders is leaked, and that the seller can collect the digital money from the winning bidder. In addition, the scheme can be easily converted into a second-bid sealed auction.