Send Message to the Future? Blockchain-based Time Machines for Decentralized Reveal of Locked Information

• URL: http://arxiv.org/abs/2401.05947v3
• Date: Thu, 24 Oct 2024 02:39:08 GMT
• Title: Send Message to the Future? Blockchain-based Time Machines for Decentralized Reveal of Locked Information
• Authors: Zhuolun Li, Srijoni Majumdar, Evangelos Pournaras,
• Abstract summary: This paper introduces a breakthrough in the understanding, design, and application of conditional information reveal systems. By designing a new practical timed-release cryptography system and a secret sharing scheme with reveal-verifiability, a novel data sharing system is devised. This paper provides a complete evaluation portfolio of this pioneering paradigm, including analytical results, a validation of its robustness in the Tamarin Prover and a performance evaluation of a real-world, open-source system prototype deployed across the globe.
• Score: 0.8192907805418581
• License: http://creativecommons.org/licenses/by/4.0/
• Abstract: Conditional information reveal systems automate the release of information upon meeting specific predefined conditions, such as time or location. This paper introduces a breakthrough in the understanding, design, and application of conditional information reveal systems that are highly secure and decentralized. By designing a new practical timed-release cryptography system and a secret sharing scheme with reveal-verifiability, a novel data sharing system is devised on the blockchain that "sends messages in the future" with highly accurate decryption times. Notably, the proposed secret sharing scheme applies to other applications requiring verifiability of revealed secret shares. This paper provides a complete evaluation portfolio of this pioneering paradigm, including analytical results, a validation of its robustness in the Tamarin Prover and a performance evaluation of a real-world, open-source system prototype deployed across the globe. Using real-world election data, we also demonstrate the applicability of this innovative system in e-voting, illustrating its capacity to secure and ensure fair electronic voting processes.

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