Covalence auction system (April 2024 experiment)

Overview

This auction system based on FHE facilitates secure and transparent auction-based payments.

It enables clients and providers to engage in custom private auctions tailored to their specific service payment needs. Clients have the ability to submit encrypted bids in real-time, ensuring privacy and security while maintaining the ability to verify auction integrity. Providers can set up auctions with customized parameters, allowing them to offer services in a competitive yet secure marketplace environment.

Note: this system operates traditional client-server mode, leveraging FHE. It is not implemented on a blockchain.

How to run

(Note: this is still WIP as of April 23, so it might not run properly)

We require rye (https://rye-up.com/) for the setup

TODO all here
git clone https://github.com/CovalenceNetwork/2024april_experiment
cd 2024april_experiment
rye sync
rye run python run_demo.py

System architecture

TBD

License

(c) 2024 Covalence. Distributed under the MIT License.