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- 16 September 2021 at 3:01 am #112880adminSite Adminstrator
- University or Employer: Loughborough University
- Country: UK
- Occupation: Site Owner
JUBILEE is a securely computed mechanism for debt relief and forgiveness in a
frictionless manner without involving trusted third parties, leading to more
harmonious debt settlements by incentivising the parties to truthfully reveal
their private information. JUBILEE improves over all previous methods:
– individually rational, incentive-compatible, truthful/strategy-proof,
ex-post efficient, optimal mechanism for debt relief and forgiveness with
– by the novel introduction of secure computation techniques to debt relief,
the “blessing of the debtor” is hereby granted for the first time: debt
settlements with higher expected profits and a higher probability of success
than without using secure computation
A simple and practical implementation is included for “The Secure
Spreadsheet”. Another implementation is realised using Raziel smart contracts
on a blockchain with Pravuil consensus.
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