PB-PKI: A Privacy-aware Blockchain-based PKI

Abstract

Conventional public-key infrastructure (PKI) designs using certificate authorities and web-of-trust are not optimal and have security flaws. The properties afforded by the Bitcoin blockchain are a natural solution to some of the problems with PKI - in particular, certificate transparency and elimination of single points-offailure. Proposed blockchain-based PKI designs are built as public ledgers linking identity with public key, providing no privacy. We consider cases requiring privacy-aware PKIs, which do not link identity with public key. We show that blockchain technology can be used to construct a privacy-aware PKI while eliminating some of the problems of conventional PKI, and present PB-PKI, a privacy-aware blockchain-based PKI.