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Peer-to-Peer Money: Free Currency over the Internet

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Web and Communication Technologies and Internet-Related Social Issues — HSI 2003 (HSI 2003)

Part of the book series: Lecture Notes in Computer Science ((LNCS,volume 2713))

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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.

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Author information

Authors and Affiliations

  1. Graduate School of Media and Governance, Keio University, Keio

    Kenji Saito

Authors
  1. Kenji Saito
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Editor information

Editors and Affiliations

  1. Division of Computer Science, Korea Advanced Institute of Science and Technology, 373-1 Guseong-Dong, Yuseong-Gu, Daejeon, 305-701, Korea

    Chin-Wan Chung

  2. Dept. of Computer Engineering, Seoul National University, San 56-1, Shillim-Dong, Gwanak-Gu, Seoul, 151-742, Korea

    Chong-Kwon Kim

  3. Cyber Database Solutions, Inc., 3445 Executive Center Drive, Suite 256, TX, 78731, USA

    Won Kim

  4. Dept. of Computer Science, National University of Singapore, 3 Science Drive 2, Singapore, 117543

    Tok-Wang Ling

  5. Korea Network Information Center, 11F, KTF B/D 1321-11, Seocho2-Dong, Seocho-Gu, Seoul, 137-857, Korea

    Kwan-Ho Song

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© 2003 Springer-Verlag Berlin Heidelberg

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Saito, K. (2003). Peer-to-Peer Money: Free Currency over the Internet. In: Chung, CW., Kim, CK., Kim, W., Ling, TW., Song, KH. (eds) Web and Communication Technologies and Internet-Related Social Issues — HSI 2003. HSI 2003. Lecture Notes in Computer Science, vol 2713. Springer, Berlin, Heidelberg. https://doi.org/10.1007/3-540-45036-X_41

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  • DOI: https://doi.org/10.1007/3-540-45036-X_41

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  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-40456-9

  • Online ISBN: 978-3-540-45036-8

  • eBook Packages: Springer Book Archive

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