A Privacy-Enabled, Blockchain-Based Smart Marketplace

Journal article


Bello Musa Yakubu, Majid Iqbal Khan, Khan, A., Adeel Anjum, Madiha Syed and Semeen Rehman 2023. A Privacy-Enabled, Blockchain-Based Smart Marketplace. Applied Sciences. 13 (5), pp. 1-16. https://doi.org/10.3390/app13052914
AuthorsBello Musa Yakubu, Majid Iqbal Khan, Khan, A., Adeel Anjum, Madiha Syed and Semeen Rehman
Abstract

Advancements in sensor-enabled devices led to the emergence of resource trading models for smart communities, such as the smart marketplace (SMP). Most of the proposed SMP architectures are based on blockchain technology, which has a public ledger to achieve transparency. Consequently, safeguarding the participant’s anonymity, untraceability, and transactional data privacy during trading becomes a challenging task. Most of the existing solutions to achieve anonymity are based on multiple account mapping, which is prone to identity-based attacks, and cryptographic techniques are used to achieve transactional data privacy, which often has a high computational overhead. In this work, we propose a lightweight privacy-enabled message exchange mechanism to accomplish our privacy goals in a blockchain-based SMP. Evaluation of the scheme was conducted to measure its resilience toward safeguarding participants’ anonymity, untraceability, and transactional data privacy during trading cycles. Statistical game theory-based security analysis and simulation based performance analysis of the proposed scheme showed that it achieved the desired privacy goals with a low computational overhead compared with existing state-of-the-art schemes.

Keywordsanonymity; transactional data privacy; IoT; Ethereum; smart marketplace
Year2023
JournalApplied Sciences
Journal citation13 (5), pp. 1-16
PublisherMDPI
ISSN 2076-3417
Digital Object Identifier (DOI)https://doi.org/10.3390/app13052914
Web address (URL)https://www.mdpi.com/2076-3417/13/5/2914
Output statusPublished
Publication dates24 Feb 2023
Publication process dates
Accepted20 Feb 2023
Deposited02 Mar 2023
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