Multisecret‐sharing scheme with two‐level security and its applications in blockchain

Abstract A (t,m)‐threshold secret sharing and multisecret‐sharing scheme based on Shamir's secret sharing scheme are introduced with two‐level security using a one‐way function. Besides, its application in a smart contract‐enabled consortium blockchain network is discussed. The proposed scheme is thoroughly examined in terms of security and efficiency. Privacy, security, integrity, and scalability are also analyzed while applying it to the blockchain network.