International Association for Cryptologic Research

International Association
for Cryptologic Research

IACR News item: 04 March 2024

Chirag Madaan, Rohan Agarwal, Vipul Saini, Ujjwal Kumar
ePrint Report ePrint Report
With the rapidly evolving landscape of cryptography, blockchain technology has advanced to cater to diverse user requirements, leading to the emergence of a multi-chain ecosystem featuring various use cases characterized by distinct transaction speed and decentralization trade-offs. At the heart of this evolution lies digital signature schemes, responsible for safeguarding blockchain-based assets such as ECDSA, Schnorr, and EdDSA, among others.

However, a critical gap exists in the current landscape — there is no solution empowering a consortium of entities to collectively manage or generate digital signatures for diverse digital assets in a distributed manner with dynamic threshold settings, all while mitigating counter-party risks. Existing threshold signature schemes impose a fixed threshold during the key generation phase, limiting the adaptability of threshold settings for the subsequent signature phase. Attempts to address this challenge often involve relinquishing signature generation control either partially or entirely from the participating parties, introducing vulnerabilities that could jeopardize digital assets in the event of network disruptions.

Addressing this gap, our work introduces an innovative infrastructure that allows a group of users to programmatically define and manage access control policies, supported by a blockchain network dedicated to policy enforcement. This network is uniquely designed to prevent any entity, including itself, from autonomously generating digital signatures, thereby mitigating counter-party risks and enhancing asset security. This system is particularly suited for enterprise contexts, where collaborative asset oversight and policy adherence are essential. Our solution marks a significant stride in the realm of blockchain technology, paving the way for more sophisticated and secure digital asset management in a rapidly evolving digital landscape.
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