Representative Ring Signature Algorithm Based on Smart Contract

Abstract

Traditional ring signature algorithms suffer from large signature data capacity and low speed of signature and verification during collective signing. In this work, we propose a representative ring signature algorithm based on smart contracts. By collecting the opinions of the signatory based on multiparty secure computation, the proposed technique protects the privacy of the signatory during the data interaction process in the consortium chain. Moreover, the proposed method uses smart contracts to organize the signature process and formulate a signature strategy of "one encryption per signature" to prevent signature forgery. It uses the Hyperledger Fabric framework as the signature test platform of the consortium chain to perform the experiments. We compare the results of the proposed method with the ECC ring signature scheme. The experimental results show that in the worst case, the signature volume of the proposed method decreases by more than two times, and the signature speed and verification speed increase by more than three times. Therefore, in the collective signature scenario of transaction verification in the consortium chain, the proposed method is verified to be innovative and practical.