TY - GEN
T1 - Community Cash
T2 - 2nd International Conference on Smart Blockchain, SmartBlock 2019
AU - Komiya, Kosuke
AU - Nakajima, Tatsuo
PY - 2019
Y1 - 2019
N2 - 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.
AB - 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.
KW - Activity-based micro-pricing
KW - Blockchain
KW - Economic infrastructure
UR - http://www.scopus.com/inward/record.url?scp=85076175926&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85076175926&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-34083-4_7
DO - 10.1007/978-3-030-34083-4_7
M3 - Conference contribution
AN - SCOPUS:85076175926
SN - 9783030340827
T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
SP - 66
EP - 75
BT - Smart Blockchain -2nd International Conference, SmartBlock 2019, Proceedings
A2 - Qiu, Meikang
PB - Springer
Y2 - 11 October 2019 through 13 October 2019
ER -