arXiv subjects

Yeoh Wei Zhu

Publications and source records attributed to Yeoh Wei Zhu.

3 recordsLinked to original sources

arXiv2026

Verifiable Random Sampling

Verifiable random functions (VRF) underpin a wide range of applications that require publicly verifiable evaluations of a pseudorandom function on a given input. However, once the public key is published, the induced function is fixed and is a deterministic function of the input. This determinism can enable collusion and grinding-style attacks in which adversaries precompute and selectively exploit favorable input-output pairs. To address these limitations, we introduce the formal notion of verifiable random sampling (VRS). We propose a concrete VRS construction based on random quantum circuit sampling (RCS) executable on today's quantum computing devices. VRS supports multiparty protocols in which the verifier's final output is a sample that is statistically close to a specified target distribution, while remaining publicly verifiable. We model the construction and prove its security within the constructive cryptography (CC) framework, thereby ensuring composability with other cryptographic protocols. Overall, our results provide a mechanism for verifiable random sampling that simultaneously guarantees sample freshness and public verifiability, enabling applications that require unpredictable, fresh randomness while preserving fairness through public verifiability.

cs.CR↗

arXiv2026

A Practical Post-Quantum Distributed Ledger Protocol for Financial Institutions

Traditional financial institutions face inefficiencies that can be addressed by distributed ledger technology. However, a primary barrier to adoption is the privacy concerns surrounding publicly available transaction data. Existing private protocols for distributed ledger that focus on the Ring-CT model are not suitable for adoption for financial institutions. We propose a post-quantum, lattice-based transaction scheme for encrypted ledgers which better aligns with institutions' requirements for confidentiality and audit-ability. The construction leverages various zero-knowledge proof techniques, and introduces a new method for equating two commitment messages, without the capability to open one of the commitment during the re-commitment. Subsequently, we build a publicly verifiable transaction scheme that is efficient for single or multi-assets, by introducing a new compact range-proof. We then provide a security analysis of it. The techniques used and the proofs constructed could be of independent interest.

cs.CR↗

arXiv2025

Private, Auditable, and Distributed Ledger for Financial Institutes

Distributed ledger technology offers several advantages for banking and finance industry, including efficient transaction processing and cross-party transaction reconciliation. The key challenges for adoption of this technology in financial institutes are (a) the building of a privacy-preserving ledger, (b) supporting auditing and regulatory requirements, and (c) flexibility to adapt to complex use-cases with multiple digital assets and actors. This paper proposes a framework for a private, audit-able, and distributed ledger (PADL) that adapts easily to fundamental use-cases within financial institutes. PADL employs widely-used cryptography schemes combined with zero-knowledge proofs to propose a transaction scheme for a `table' like ledger. It enables fast confidential peer-to-peer multi-asset transactions, and transaction graph anonymity, in a no-trust setup, but with customized privacy. We prove that integrity and anonymity of PADL is secured against a strong threat model. Furthermore, we showcase three fundamental real-life use-cases, namely, an assets exchange ledger, a settlement ledger, and a bond market ledger. Based on these use-cases we show that PADL supports smooth-lined inter-assets auditing while preserving privacy of the participants. For example, we show how a bank can be audited for its liquidity or credit risk without violation of privacy of itself or any other party, or how can PADL ensures honest coupon rate payment in bond market without sharing investors values. Finally, our evaluation shows PADL's advantage in performance against previous relevant schemes.

cs.CR↗