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Permission-less blockchains can realise trustless trust, albeit at the cost of limiting the complexity of computation tasks. To explain the implications for scalability, we have implemented a trust model for smart contracts, described as…

Cryptography and Security · Computer Science 2018-01-30 Dominik Harz , Magnus Boman

We construct a privacy-preserving, distributed and decentralized marketplace where parties can exchange data for tokens. In this market, buyers and sellers make transactions in a blockchain and interact with a third party, called notary,…

Cryptography and Security · Computer Science 2020-02-25 Ariel Futoransky , Carlos Sarraute , Daniel Fernandez , Matias Travizano , Ariel Waissbein

We study the algorithmic problem faced by an information holder (seller) who wants to optimally sell such information to a budged-constrained decision maker (buyer) that has to undertake some action. Differently from previous, we consider…

Computer Science and Game Theory · Computer Science 2023-02-01 Matteo Castiglioni , Francesco Bacchiocchi , Alberto Marchesi , Giulia Romano , Nicola Gatti

Suppose that Alice plans to buy a physical good from Bob over a programmable Blockchain. Alice does not trust Bob, so she is not willing to pay before the good is delivered off-chain. Similarly, Bob does not trust Alice, so he is not…

Cryptography and Security · Computer Science 2021-10-21 Amir Kafshdar Goharshady

The rapid expansion of Artificial Intelligence is hindered by a fundamental friction in data markets: the value-privacy dilemma, where buyers cannot verify a dataset's utility without inspection, yet inspection may expose the data (Arrow's…

Cryptography and Security · Computer Science 2026-03-25 Michael Yang , Ruijiang Gao , Zhiqiang Zheng

Trading on decentralized exchanges has been one of the primary use cases for permissionless blockchains with daily trading volume exceeding billions of U.S.~dollars. In the status quo, users broadcast transactions and miners are responsible…

Computer Science and Game Theory · Computer Science 2023-10-31 Matheus V. X. Ferreira , David C. Parkes

Price feeds of securities is a critical component for many financial services, allowing for collateral liquidation, margin trading, derivative pricing and more. With the advent of blockchain technology, value in reporting accurate prices…

Computational Finance · Quantitative Finance 2023-05-23 Orhan Koc

We construct an empirically founded model of a repo trade intermediated by two broker-dealers and prove multiple equilibrium and the existence of equilibrium at the joint profit maximizing volume of trade. We then present a smart contract…

Theoretical Economics · Economics 2026-04-21 Daniel Aronoff , Robert M. Townsend

In this paper, we develop BlockMarkchain, as a secure data market place, where individual data sellers can exchange certified data with buyers, in a secure environment, without any mutual trust among the parties, and without trusting on a…

Cryptography and Security · Computer Science 2020-03-26 Hamidreza Ehteram , Mohammad Taha Toghani , Mohammad Ali Maddah-Ali

The need for data trading promotes the emergence of data market. However, in conventional data markets, both data buyers and data sellers have to use a centralized trading platform which might be dishonest. A dishonest centralized trading…

Cryptography and Security · Computer Science 2020-07-15 Guoxiong Su , Wenyuan Yang , Zhengding Luo , Yinghong Zhang , Zhiqiang Bai , Yuesheng Zhu

From the early days of the information economy, personal data has been its most valuable asset. Despite data protection laws and an acknowledged right to privacy, trading personal information has become a business equated with "trading…

Computers and Society · Computer Science 2020-05-14 Sarah Spiekermann , Alexander Novotny

Let us consider a situation where two information brokers, whose currency is, of course, information, need to reciprocally exchange information. The two brokers, being somewhat distrustful, would like a third, mutually trusted, entity to be…

Quantum Physics · Physics 2025-03-14 Theodore Andronikos , Alla Sirokofskich

We study a simple model of an asset market with informed and non-informed agents. In the absence of non-informed agents, the market becomes information efficient when the number of traders with different private information is large enough.…

Trading and Market Microstructure · Quantitative Finance 2010-04-29 Fabio Caccioli , Matteo Marsili

We study a crowdsourcing problem where the platform aims to incentivize distributed workers to provide high quality and truthful solutions without the ability to verify the solutions. While most prior work assumes that the platform and…

Computer Science and Game Theory · Computer Science 2021-04-12 Chao Huang , Haoran Yu , Jianwei Huang , Randall A. Berry

As personal data have been the new oil of the digital era, there is a growing trend perceiving personal data as a commodity. Although some people are willing to trade their personal data for money, they might still expect limited privacy…

Cryptography and Security · Computer Science 2019-10-25 Shuyuan Zheng , Yang Cao , Masatoshi Yoshikawa

In a world where deepfakes and cloned voices are emerging as sophisticated attack vectors, organizations require a new security mindset: Sensorial Zero Trust [9]. This article presents a scientific analysis of the need to systematically…

Cryptography and Security · Computer Science 2025-07-02 Fabio Correa Xavier

We study a single-buyer pricing problem with unreliable side information, motivated by the increasing use of AI-assisted decision-making and LLM-based predictions. The seller observes a private sample that may be either accurate (coinciding…

Computer Science and Game Theory · Computer Science 2026-04-06 Zhihao Gavin Tang , Yixin Tao , Shixin Wang

Using blockchain technology, it is possible to create contracts that offer a reward in exchange for a trained machine learning model for a particular data set. This would allow users to train machine learning models for a reward in a…

Cryptography and Security · Computer Science 2018-03-01 A. Besir Kurtulmus , Kenny Daniel

Wibson is a blockchain-based, decentralized data marketplace that provides individuals a way to securely and anonymously sell information in a trusted environment. The combination of the Wibson token and blockchain-enabled smart contracts…

Cryptography and Security · Computer Science 2020-02-04 Daniel Fernandez , Ariel Futoransky , Gustavo Ajzenman , Matias Travizano , Carlos Sarraute

Two agents trade an item in a simultaneous offer setting, where the exchange takes place if and only if the buyer's bid price weakly exceeds the seller's ask price. Each agent is randomly assigned the buyer or seller role. Both agents are…

Theoretical Economics · Economics 2025-05-29 José Ignacio Rivero-Wildemauwe