Utilizing Layered Taxation to provide incentives in P2P streaming systems
Journal of Systems and Software
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Network economics appear to be one of the best solutions when it comes to solving the tragedy of the digital common problem in Peer-to-Peer networks. Various solutions have been proposed based on bartering or auctioning. This paper presents SPECT, a new system based on virtual currency. Its novelty lies in the usage of the supply and demand laws and the usage of microeconomic tools. Furthermore, a regulation of the prices and a protection from the misbehavior of other users is provided. An innovation of SPECT is the introduction of a financial instrument, the debt obligations, based on the real world bonds. Using debt obligations, peers are able to profit from being in the network even if they do not share resources with other peers. The authors outline the architecture of the SPECT market and the different portfolio management abilities. Furthermore, a strategy is displayed.