Distributed Bitcoin Account Management

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Bitcoin is a kind of novel distributed electronic cash free of any governmental influence and supervision. Its irreversibility, pseudonymity and unforgeability have made great developmental leaps in means of payment and investment management. However, when the application of the means of payment is applied in small and medium-sized enterprises or companies, bitcoin lacks the mechanism to be jointly managed. We propose a Distributed Bitcoin Account Management (DBAM) framework that realizes joint management of bitcoin accounts applied especially to enterprises and companies. The framework incorporates secret sharing and attribute based encryption schemes compatible with the existing bitcoin protocols. Each bitcoin account achieves fine-grained management of participants and prevents the private key from being unexpectedly recovered. Thorough analyses show that our framework is secure, practical and effective.

Original languageEnglish
Title of host publicationProceedings - 15th IEEE International Conference on Trust, Security and Privacy in Computing and Communications, 10th IEEE International Conference on Big Data Science and Engineering and 14th IEEE International Symposium on Parallel and Distributed Processing with Applications, IEEE TrustCom/BigDataSE/ISPA 2016
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages105-112
Number of pages8
ISBN (Electronic)9781509032051
DOIs
StatePublished - 2016
EventJoint 15th IEEE International Conference on Trust, Security and Privacy in Computing and Communications, 10th IEEE International Conference on Big Data Science and Engineering and 14th IEEE International Symposium on Parallel and Distributed Processing with Applications, IEEE TrustCom/BigDataSE/ISPA 2016 - Tianjin, China
Duration: 23 Aug 201626 Aug 2016

Publication series

NameProceedings - 15th IEEE International Conference on Trust, Security and Privacy in Computing and Communications, 10th IEEE International Conference on Big Data Science and Engineering and 14th IEEE International Symposium on Parallel and Distributed Processing with Applications, IEEE TrustCom/BigDataSE/ISPA 2016

Conference

ConferenceJoint 15th IEEE International Conference on Trust, Security and Privacy in Computing and Communications, 10th IEEE International Conference on Big Data Science and Engineering and 14th IEEE International Symposium on Parallel and Distributed Processing with Applications, IEEE TrustCom/BigDataSE/ISPA 2016
Country/TerritoryChina
CityTianjin
Period23/08/1626/08/16

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