Security

Perfect Ambiguous Optimistic Fair Exchange

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Executive Summary

Protocol for fair exchange of digital signatures is essential in many applications including contract signing, electronic commerce, or even peer-to-peer file sharing. In such a protocol, two parties, Alice and Bob, would like to exchange digital signatures on some messages in a fair way. It is known that a trusted arbitrator is necessary in the realization of such a protocol. The authors identify that in some scenarios, it is required that prior to the completion of the protocol, no observer should be able to tell whether Alice and Bob are conducting such an exchange. Consider the following scenario in which Apple engages Intel in an exchange protocol to sign a contract that terminates their OEM agreement.

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