Turning Trust Around: Smart Contract-Assisted Public Key Infrastructure

In past, several Certificate Authority (CA) compromise and subsequent mis-issue of certificate raise the importance of certificate transparency and dynamic trust management for certificates. Certificate Transparency (CT) provides transparency for issued certificates, thus enabling corrective measure for a mis-issued certificate by a CA. However, CT and existing mechanisms cannot convey the dynamic trust state for a certificate. To address this weakness, we propose Smart Contract-assisted PKI (SCP) - a smart contract based PKI extension - to manage dynamic trust network for PKI. SCP enables distributed trust in PKI, provides a protocol for managing dynamic trust, assures trust state of a certificate, and provides a better trust experience for end-users.