Beyond the Hype: On Using Blockchains in Trust Management for Authentication
Nikolaos Alexopoulos, J\"org Daubert, Max M\"uhlh\"auser, Sheikh, Mahbub Habib

TL;DR
This paper formally models trust management systems for authentication and demonstrates how blockchain technology can enhance security by mitigating common attacks, offering a new approach to secure online trust management.
Contribution
It provides the first formal modeling and security analysis of blockchain-based trust management systems for authentication.
Findings
Blockchain can mitigate five common trust management attacks.
Formal models show blockchain's advantages over traditional systems.
Blockchain-based TM systems offer significant security improvements.
Abstract
Trust Management (TM) systems for authentication are vital to the security of online interactions, which are ubiquitous in our everyday lives. Various systems, like the Web PKI (X.509) and PGP's Web of Trust are used to manage trust in this setting. In recent years, blockchain technology has been introduced as a panacea to our security problems, including that of authentication, without sufficient reasoning, as to its merits.In this work, we investigate the merits of using open distributed ledgers (ODLs), such as the one implemented by blockchain technology, for securing TM systems for authentication. We formally model such systems, and explore how blockchain can help mitigate attacks against them. After formal argumentation, we conclude that in the context of Trust Management for authentication, blockchain technology, and ODLs in general, can offer considerable advantages compared to…
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