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Danish Sugar Beet Auction - Wikipedia

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The Danish Sugar Beet Auction was the first large-scale and practical application of secure multi-party computation, which took place in January 2008.[1][2][3] An electronic double auction was successfully run by a multiparty computation involving representatives of Denmark's only sugar beets processor (Danisco), the Danish sugar beet growers' association, and a research group responsible for implementing and running the computation.[2] Due to European Union sugar market policy reforms which reduced sugar subsidies and lowered prices,[4] as well as the recent closure of one of Danisco's sugar processing plants, the Danish sugar beet industry needed to reallocate production contracts to farmers nation-wide in an attempt to retain market efficiency. The decision made was to hold an electronic double auction to find the new market clearing price of sugar beets, where the role of the "auctioneer" was played by a computer program implementing a secure multi-party computation (SMPC) between

Danish Sugar Beet Auction - Wikipedia Jump to content From Wikipedia, the free encyclopedia First large-scale and practical use of secure multi-party computation The Danish Sugar Beet Auction was the first large-scale and practical application of secure multi-party computation , which took place in January 2008. [ 1 ] [ 2 ] [ 3 ] An electronic double auction was successfully run by a multiparty computation involving representatives of Denmark's only sugar beets processor ( Danisco ), the Danish sugar beet growers' association, and a research group responsible for implementing and running the c

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