- There is an online auction system (web based) gathering private bids for a particular item and...
Question:
- There is an online auction system (web based) gathering private bids for a particular item and then sorts the received bids to find the highest bid which is the bid of the winner participant. A special auction is started at 8 AM and ends at 10 AM. In this interval, participants can register in the auction system and then write up their bids for that item. After 10 AM nobody can write up a bid, and the auction system publishes the list of sorted bids to be observed publicly at 11 AM. This list is available online for one hour. Bidders (participants) should visit this list to find out the winner. The winner should pay for its bid before 12 AM to get the good. For the following intervals prioritize the importance of confidentiality, integrity, and availability of the auction system and describe your answer.
a. 8-10
b. 10-11
c. 11-12