Novel Contract Signature based on Key Exchange

Abstract

A contract signature is a particular form of digital multi-signature that only involves two signers. Contract signing plays a critical role in any business transaction, particularly in situations where the involved parties do not trust each other. One of the most significant concerns in exchange signatures is the fraudulent and unfair exchange, which occurs when one party gets the signature of another party without giving his own signature. In the view of these security concerns, this thesis presents a secure and fair contract signature scheme based on key exchange protocol. The security and protection of the proposed scheme is based on solving hard computational assumptions such as discrete logarithm problem (DLP). The proposed protocol is abuse-free. The proposed scheme targets to have lesser computational overhead and high-security features than existing scheme[1]. The proposed scheme has wide application in real life scenarios, such as in electronic cash system.