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Survey on Decentralized Auctioning Systems
Luleå University of Technology, Department of Computer Science, Electrical and Space Engineering, Embedded Internet Systems Lab.ORCID iD: 0000-0003-0215-9798
Luleå University of Technology, Department of Computer Science, Electrical and Space Engineering, Embedded Internet Systems Lab.ORCID iD: 0000-0001-5408-0008
Luleå University of Technology, Department of Computer Science, Electrical and Space Engineering, Embedded Internet Systems Lab.ORCID iD: 0000-0002-4031-2872
2023 (English)In: IEEE Access, E-ISSN 2169-3536, Vol. 11, p. 51672-51688Article in journal (Refereed) Published
Abstract [en]

An electronic auction (e-auction) is an efficient negotiation model that allows multiple sellers or buyers to compete for assets or rights. Such systems have become increasingly popular with the evolution of the internet for commerce. In centralized auctioning systems, the presence of a governing third party has been a major trust concern, as such a party may not always be trustworthy or create transaction fees for the hosted auctions. Distributed and decentralized systems based on blockchain for auctions of nonphysical assets have been suggested as a means to distribute and establish trust among peers, and manage disputes and concurrent entries. Although a blockchain system provides attractive features such as decentralized trust management and fraud prevention, it cannot alone support dispute resolutions and adjudications for physical assets. In this paper, we compare blockchain and non-blockchain decentralized auctioning systems based on the identified functional needs and quality attributes. We contrast these needs and attributes with the state-of-the-art models and other implementations of auctioning systems, and discuss the associated trade-offs. We further analyze the gaps in the existing decentralized approaches and propose design approaches for decentralized auctioning systems, for both physical and nonphysical assets, that support dispute resolution and adjudication based on collected evidence, and dispute prevention based on distributed consensus algorithms.

Place, publisher, year, edition, pages
IEEE, 2023. Vol. 11, p. 51672-51688
National Category
Information Systems
Research subject
Cyber-Physical Systems
Identifiers
URN: urn:nbn:se:ltu:diva-98269DOI: 10.1109/access.2023.3279914ISI: 001005645400001Scopus ID: 2-s2.0-85161027254OAI: oai:DiVA.org:ltu-98269DiVA, id: diva2:1766424
Funder
European Commission, H2020 Program (873111)
Note

Validerad;2023;Nivå 2;2023-06-13 (joosat);

Available from: 2023-06-13 Created: 2023-06-13 Last updated: 2024-06-27Bibliographically approved
In thesis
1. Decentralized Negotiations and Data Storage for the Circular Economy
Open this publication in new window or tab >>Decentralized Negotiations and Data Storage for the Circular Economy
2024 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

Digitalization represents a fundamental transformation in how we process information and conduct negotiations. It refines existing workflows, improves efficiency, enhances customer experience, and allows for better collaboration within ecosystems, promoting industrial sustainability and circularity.

The control and storage of digitalized systems are traditionally centralized, requiring trust in a third party in charge of processing data associated with negotiations, determining the outcome, and storing it. However, this centralized entity may not be trustworthy, as it may favor a particular party or misuse the information it processes. To meet this, there is a trend towards decentralized models. Recently, blockchain systems and Distributed Hash Tables (DHT) have gained popularity for decentralized transaction processing, and storage. While these systems offer many advantages for creating decentralized interactions and storing data, they need extensions to support negotiations as they are typically designed for executing single transactions rather than iteratively negotiating in time-constrained settings. Furthermore, decentralized data storage systems often do not support bidirectional relationships, capturing the need for event tracing in supply chains.

The scope of this thesis is the digitalization of negotiation mechanisms and data storage systems in the context of the circular economy. The early part focuses on designing price-only and multi-attribute open-cry auctioning systems and automating digitalized negotiations. This includes identifying key properties and features in open-cry auctioning systems and contract establishment procedures, consisting of machine and human-readable agreements. Additionally, the work on digitalized contract establishment extends to the representation of rights and obligations in access control. Then, various decentralized approaches are analyzed for transitioning open-cry auctions to decentralized models. From this, a system design for a decentralized auction system based on blockchain is presented, along with an implementation using Hyperledger Fabric. The latter part of the paper explores how decentralized systems can effectively represent and query highly interconnected data. It presents a solution using the Interplanetary File System (IPFS) to address these challenges. Furthermore, the implementation is extended to the realm of sustainability by examining Digital Product Passports.

The results of the work presented in this thesis show the potential of digitalized negotiations for the agreement of rights and obligations in access control and open-cry auctions and the limitations of their implementation using blockchain technologies. Lastly, it demonstrates the use of IPFS for storing and linking data and its ability to enable traceability and accountability throughout product lifecycles.

Place, publisher, year, edition, pages
Luleå: Luleå University of Technology, 2024
Series
Doctoral thesis / Luleå University of Technology 1 jan 1997 → …, ISSN 1402-1544
Keywords
Digitalization, Decentralization, Blockchain, Circularity
National Category
Computer Systems
Research subject
Cyber-Physical Systems
Identifiers
urn:nbn:se:ltu:diva-107910 (URN)978-91-8048-608-8 (ISBN)978-91-8048-609-5 (ISBN)
Public defence
2024-10-24, E231, Luleå University of Technology, Luleå, 09:00 (English)
Opponent
Supervisors
Available from: 2024-06-27 Created: 2024-06-27 Last updated: 2024-10-03Bibliographically approved

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