Incentive-Compatibility in a distributed autonomous currency system

Kenji Saito, Eiichi Morino, Jun Murai

研究成果: Conference contribution

2 被引用数 (Scopus)

抄録

Peer-to-peer complementary currencies can be powerful tools for promoting exchanges and building sustainable relationships among selfish peers on the Internet. i-WAT[1] is a proposed such currency based on the WAT System, a polycentric complementary currency using WAT tickets as its media of exchange. Participants spontaneously issue and circulate the tickets as needed, whose values are backed up by chains of trust. i-WAT implements the tickets electronically by exchanging messages signed in OpenPGP. This paper claims that the design of i-WAT is incentive-compatible as to protection against moral hazards, or threats caused by selfish peers because they may take advantage of the rules; such hazards are defused in i-WAT if the participants react against misbehaviors of others by pursuing their own benefits. A reference implementation of i-WAT has been developed in the form of an XMPP instant messaging client. We have been putting the currency system into practical use since June 2004.

本文言語English
ホスト出版物のタイトルAgents and Peer-to-Peer Computing - 4th International Workshop, AP2PC 2005, Revised Papers
ページ44-57
ページ数14
DOI
出版ステータスPublished - 2006
イベント4th International Workshop on Agents and Peer-to-Peer Computing, AP2PC 2005 - Utrecht, Netherlands
継続期間: 2005 7 252005 7 25

出版物シリーズ

名前Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
4118 LNAI
ISSN(印刷版)0302-9743
ISSN(電子版)1611-3349

Other

Other4th International Workshop on Agents and Peer-to-Peer Computing, AP2PC 2005
CountryNetherlands
CityUtrecht
Period05/7/2505/7/25

ASJC Scopus subject areas

  • Theoretical Computer Science
  • Computer Science(all)

フィンガープリント 「Incentive-Compatibility in a distributed autonomous currency system」の研究トピックを掘り下げます。これらがまとまってユニークなフィンガープリントを構成します。

引用スタイル