Advertisement

Community Cash: A Community-Based Cryptocurrency for Implementing Activity-Based Micro-Pricing

  • Kosuke KomiyaEmail author
  • Tatsuo Nakajima
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 11911)

Abstract

In this paper, we propose a new local economic infrastructure—“community cash”—based on blockchain and activity-based micro-pricing technologies. Blockchain technology, introduced by Satoshi Nakamoto in Bitcoin: A Peer-to-Peer Electronic Cash System [1] in 2009, has had a serious impact on the virtual economy. It has realized peer-to-peer digital data transfer without the trust of third parties. On the other hand, activity-based micro-pricing alters user behavior through economic incentives. By combining these technologies, we develop a blockchain that runs on a new consensus algorithm, proof-of-contribution. This consensus algorithm alters the behaviors of the members in a community by distributing rewards for generating blocks as monetary incentives. We first introduce the system of “community cash,” and then discuss future works that can be implemented in the proposed infrastructure as well as remaining problems to be solved.

Keywords

Blockchain Economic infrastructure Activity-based micro-pricing 

References

  1. 1.
    Nakamoto, S.: Bitcoin: A Peer-to-Peer Electronic Cash System (2009). https://bitcoin.org/bitcoin.pdf
  2. 2.
    Yamabe, T., Lehdonvirtay, V., Ito, H., Soma, H., Kimura, H., Nakajima, T.: Applying pervasive technologies to create economic incentives that alter consumer behavior. In: UbiComp 2009, Proceedings of the 11th International Conference on Ubiquitous Computing, pp. 175–184 (2009)Google Scholar
  3. 3.
    Lehdonvirta, V., Soma, H., Ito, H., Yamabe, T., Kimura, H., Nakajima, T.: UbiPay: minimizing transaction costs with smart mobile payments. In: Mobility 2009, Proceedings of the 6th International Conference on Mobile Technology, Application & Systems, Article no. 1 (2009)Google Scholar
  4. 4.
  5. 5.
  6. 6.
    What is Cryptocurrency: Everything You Must Need To Know! https://blockgeeks.com/guides/what-is-cryptocurrency/
  7. 7.
  8. 8.
  9. 9.
  10. 10.
    Konstantopoulos, G.: Understanding Blockchain Fundamentals, Part 3: Delegated Proof of Stake. https://medium.com/loom-network/understanding-blockchain-fundamentals-part-3-delegated-proof-of-stake-b385a6b92ef
  11. 11.
    Hardin, G.: The tragedy of the commons. Science 162(3859), 1243–1248 (1968)CrossRefGoogle Scholar
  12. 12.
    Lehdonvirta, V., Soma, H., Ito, H., Kimura, H., Nakajima, T.: Ubipay: conducting everyday payments with minimum user involvement. In: CHI 2008 EA on Human Factors in Computing Systems, pp. 3537–3542. ACM (2008)Google Scholar
  13. 13.
    Mainwaring, S., March, W., Maurer, B.: From Meiwaku to Tokushita! lessons for digital money design from Japan. In: CHI 2008, Proceedings of the SIGCHI Conference on Human Factors in Computing Systems, pp. 21–24 (2008)Google Scholar
  14. 14.
    Big Brother is Watching You! China Installs ‘The World’s Most Advanced Video Surveillance System’ with over 20 Million AI-Equipped Street Cameras. https://www.dailymail.co.uk/news/article-4918342/China-installs-20-million-AI-equipped-street-cameras.html
  15. 15.
  16. 16.
  17. 17.
    Sakamoto, M., Nakajima, T.: A Community-Based Crowdsourcing Service for Achieving a Sustainable Society through Micro-Level Crowdfunding, Internet, Politics, Policy 2014: Crowdsourcing for Politics and PolicyGoogle Scholar
  18. 18.

Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Department of Computer Science and EngineeringWaseda UniversityTokyoJapan

Personalised recommendations