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SYSTEM AND METHOD FOR ESTABLISHING SECURE TRANSACTIONS AMONG A GROUP OF TRANSACTING PARTIES

Abstract:

Systems and methods are presented for establishing secure transactions among a group of transacting parties through use of multi-party computation including garbled circuits. The system uses a set of distributed garbled circuit servers, each having a garbled circuit module, to collectively and securely perform a transactional function, such that any party only has access to its own input and output. Each garbled circuit module may receive input financial data for a transacting party and financial data for at least one other transacting party, and perform an operation to obtain output financial data. The operation may relate to a function for determining a plurality of financial transactions among the plurality of transacting parties.