Reverse auction protocol based on quantum teleportation

Abstract

Reverse auction is a revolutionary procurement technology, widely used in enterprises and governments, which can increase purchasing transparency and reduce purchasing costs. In this paper, we combine reverse auction with quantum theory and propose a novel protocol that guarantees security by adopting quantum teleportation, quantum key distribution and so on. This protocol also has the properties of anonymity of supplier, verifiability, disavowal impossibility and traceability, properties that ensure the fairness of transactions. The analysis results show that the protocol is simple, high performing and reliable. We hope that it will be applied in real life.