Privacy Preserving Computation in Home Loans Using the FRESCO Framework

Paper

Chan, Fook Mun, Xu, Quanqing, Seah, Hao Jian, Keoh, Sye Loong, Tang, Zhaohui and Aung, Khin Mi Mi. 2019. "Privacy Preserving Computation in Home Loans Using the FRESCO Framework." Kacprzyk, Janusz (ed.) 2018 Future of Information and Communication Conference (FICC 2018). Singapore 05 - 06 Apr 2018 Switzerland. https://doi.org/10.1007/978-3-030-03405-4_7
Paper/Presentation Title

Privacy Preserving Computation in Home Loans Using the FRESCO Framework

Presentation TypePaper
AuthorsChan, Fook Mun (Author), Xu, Quanqing (Author), Seah, Hao Jian (Author), Keoh, Sye Loong (Author), Tang, Zhaohui (Author) and Aung, Khin Mi Mi (Author)
EditorsKacprzyk, Janusz
Journal or Proceedings TitleAdvances in Information and Communication Networks: Proceedings of the 2018 Future of Information and Communication Conference (FICC)
Journal Citation2, pp. 90-107
Number of Pages18
Year2019
Place of PublicationSwitzerland
ISBN9783030034047
9783030034054
Digital Object Identifier (DOI)https://doi.org/10.1007/978-3-030-03405-4_7
Web Address (URL) of Paperhttps://link.springer.com/chapter/10.1007/978-3-030-03405-4_7
Web Address (URL) of Conference Proceedingshttps://link.springer.com/book/10.1007/978-3-030-03405-4
Conference/Event2018 Future of Information and Communication Conference (FICC 2018)
Event Details
2018 Future of Information and Communication Conference (FICC 2018)
Event Date
05 to end of 06 Apr 2018
Event Location
Singapore
Abstract

Secure Multiparty Computation (SMC) is a subfield of cryptography that allows multiple parties to compute jointly on a function without revealing their inputs to others. The technology is able to solve potential privacy issues that arises when a trusted third party is involved, like a server. This paper aims to evaluate implementations of Secure Multiparty Computation and its viability for practical use. The paper also seeks to understand and state the challenges and concepts of Secure Multiparty Computation through the construction of a home loan calculation application. Encryption over Multi Party Computation (MPC) is done within 2 to 2.5 s. Up to 10 K addition operations, MPC system performs very well and most applications will be sufficient within 10K additions.

KeywordsPrivacy; Secure multiparty computation; FRamework for Efficient Secure COmputation (FRESCO)
Contains Sensitive ContentDoes not contain sensitive content
ANZSRC Field of Research 2020469999. Other information and computing sciences not elsewhere classified
Public Notes

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Byline AffiliationsData Storage Institute, Singapore
University of Glasgow, United Kingdom
Singapore Institute of Technology
Institution of OriginUniversity of Southern Queensland
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