Secure multi-party computation protocol using asymmetric encryption

Privacy preservation is very essential in various real life applications such as medical science and financial analysis. This paper focuses on implementation of an asymmetric secure multi-party computation protocol using anonymization and public-key encryption where all parties have access to trusted third party (TTP) who (1) doesn´t add any contribution to computation (2) doesn´t know who is the owner of the input received (3) has large number of resources (4) decryption key is known to trusted third party (TTP) to get the actual input for computation of final result. In this environment, concern is to design a protocol which deploys TTP for computation. It is proposed that the protocol is very proficient (in terms of secure computation and individual privacy) for the parties than the other available protocols. The solution incorporates protocol using asymmetric encryption scheme where any party can encrypt a message with the public key but decryption can be done by only the possessor of the decryption key (private key). As the protocol works on asymmetric encryption and packetization it ensures following: (1) Confidentiality (Anonymity) (2) Security (3) Privacy (Data).