Implementation of an Efficient Multi-Signature Scheme for Copyright Protection on Ethereum

Abstract

Blockchain has shown great potential in various fields due to its technical advantages such as peer-to-peer, timestamp, consensus algorithm and encryption. In blockchain, the protection method of transaction data or copyright is crucial and cryptographic digital signature technology has been applied as one of the copyright protection methods. The multi-signature scheme provides higher security than single-signature schemes, enhances the transparency of transactions and contracts, and is widely used in distributed systems utilizing distributed ledger technology in blockchain. Multisignature requires multiple parties to cooperate in order to produce a valid signature, reducing the risk of exposing the entire system to a single point of failure when compared to single-signature schemes. This is an important role in transactions or contracts that require consensus among multiple parties, where each party can sign to implement the agreement, increasing transparency and preventing disputes. However, the cryptographic digital signature is resource consuming and inefficient because the verification of the signature consumes lots of computational resources and excessive number of communications. Therefore, we have proposed an efficient multi-signature scheme based on Schnorr for copyright protection on Ethereum.