Start Date
16-8-2018 12:00 AM
Description
In this paper, we propose a decentralized double auction system (DDAS), a peer-to-peer auction platform where either party can auction directly without the intervention of a third party or financial institution. Unlike traditional auctions, DDAS embodies digital signatures, smart contracts and smart property. All transactions are timestamped and hashed into the proof-of-work chain. DDAS is not only an auction platform, but also an agreement, a network and a trading system.
Recommended Citation
Lu, Yang and Zheng, XianRong, "Block Chain Based Double Auction Design" (2018). AMCIS 2018 Proceedings. 10.
https://aisel.aisnet.org/amcis2018/StrategicIT/Presentations/10
Block Chain Based Double Auction Design
In this paper, we propose a decentralized double auction system (DDAS), a peer-to-peer auction platform where either party can auction directly without the intervention of a third party or financial institution. Unlike traditional auctions, DDAS embodies digital signatures, smart contracts and smart property. All transactions are timestamped and hashed into the proof-of-work chain. DDAS is not only an auction platform, but also an agreement, a network and a trading system.