7. Conclusions
In this contribution, we have presented an overview of the cryptographic field known as Secure Multi-Party Computation, and discussed how it can be applied to the problem of creating secure CO2 auctions in aviation. Towards this aim, a working prototype of a secure auction system has been designed and implemented, based on the SEPIA library (Many et al., 2012). The secure bidding mechanism is enabled by a set of SMC clients, running SMC algorithms that rank the individual bids in a collaborative way, while ensuring that the individual bids are not disclosed to any of the parties and that the individual bids cannot be tracked to each of the involved airlines. This solves the problem of data confidentiality, recognised as one of the major problems in the ETS mechanism: by participating in the market, airlines are required to disclose confidential information, as CO2 emissions are proportional to fuel consumption and thus to aircraft take-off weights.