A smart contract on a blockchain cannot keep a secret because its data is replicated on all nodes in a network. To remedy this problem, it has been suggested to combine blockchains with trusted execution environments (TEEs), such as Intel SGX, for executing applications that demand privacy. Untrusted blockchain nodes cannot get access to the data and computations inside the TEE.
This paper first explores some pitfalls that arise from the combination of TEEs with blockchains. Since TEEs are, in...