Peer-to-peer money: Free currency over the internet

Research output: Chapter in Book/Report/Conference proceedingChapter

10 Citations (Scopus)

Abstract

This paper proposes a resilient, alternative monetary system on the Internet called i-WAT, based on WAT System[1] which uses a form of promissory note as the medium of exchanging goods and services. i-WAT uses an electronic version of the note, ownership of which is transferred by exchanging messages signed in OpenPGP[2]. i-WAT can be used as the basis of various interpersonal/corporative transactions in the globally distributed computing environment. Specific applications being investigated include distributed consumer reports, an alternative copyright system and spam-free e-mail exchange. A prototype of an i-WAT checkbook has been developed as a plug-in for a Jabber[3] client. Experiments are ongoing.

Original languageEnglish
Title of host publicationLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
EditorsChin-Wan Chung, Chong-Kwon Kim, Won Kim, Tok-Wang Ling, Kwan-Ho Song
PublisherSpringer Verlag
Pages404-414
Number of pages11
ISBN (Print)3540404562
DOIs
Publication statusPublished - 2003
Externally publishedYes

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume2713
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

ASJC Scopus subject areas

  • Theoretical Computer Science
  • Computer Science(all)

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  • Cite this

    Saito, K. (2003). Peer-to-peer money: Free currency over the internet. In C-W. Chung, C-K. Kim, W. Kim, T-W. Ling, & K-H. Song (Eds.), Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) (pp. 404-414). (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 2713). Springer Verlag. https://doi.org/10.1007/3-540-45036-x_41