Maintaining Trust in Peer-to-Peer Barter Relationships

  • Authors:
  • Kenji Saito

  • Affiliations:
  • -

  • Venue:
  • SAINT-W '04 Proceedings of the 2004 Symposium on Applications and the Internet-Workshops (SAINT 2004 Workshops)
  • Year:
  • 2004

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Abstract

This paper proposes a barter currency system called i-WAT [12] to promote sustainable economy in peer-to-peer internetworking. i-WAT itself is a peer-to-peer system, without necessitating a central point of authority. It uses a digitally signed, electronic form of promissory note as the medium of exchange.This paper illustrates how it should assist internetworking of peer-to-peer systems, and discusses, in particular, how trust can be maintained in such a currency system.Among other means, the current design of i-WAT allows the notes to be transported over Jabber [8, 9] instant messaging protocol. A prototype of an i-WAT checkbook has been developed as a plug-in for a Jabber client. We are beginning to experiment on the actual usage of the currency system using the checkbook as well as provisional web applications.