Skip to main content
SpringerLink
Log in
Book cover

International Conference on Smart Blockchain

SmartBlock 2019: Smart Blockchain pp 66–75Cite as

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

  • Conference paper
  • First Online:

  • 1251 Accesses

Part of the book series: Lecture Notes in Computer Science ((LNISA,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.

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

References

  1. Nakamoto, S.: Bitcoin: A Peer-to-Peer Electronic Cash System (2009). https://bitcoin.org/bitcoin.pdf

  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. 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. JR East Suica. https://www.jreast.co.jp/suica/

  5. CoinMarketCap. https://coinmarketcap.com/

  6. What is Cryptocurrency: Everything You Must Need To Know! https://blockgeeks.com/guides/what-is-cryptocurrency/

  7. What Is a Blockchain Consensus Algorithm? https://www.binance.vision/blockchain/what-is-a-blockchain-consensus-algorithm

  8. BitShares. https://bitshares.org/

  9. Delegated Proof of Stake: Features and Tradeoffs. https://multicoin.capital/2018/03/02/delegated-proof-stake-features-tradeoffs/

  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. Hardin, G.: The tragedy of the commons. Science 162(3859), 1243–1248 (1968)

    Article  Google Scholar 

  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. 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. 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. Purchase a Super Chat. https://support.google.com/youtube/answer/7277005?hl=en

  16. Twitch. https://www.twitch.tv/

  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 Policy

    Google Scholar 

  18. . https://www.irasutoya.com/

Download references

Author information

Authors and Affiliations

  1. Department of Computer Science and Engineering, Waseda University, Tokyo, Japan

    Kosuke Komiya & Tatsuo Nakajima

Authors
  1. Kosuke Komiya
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Tatsuo Nakajima
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Kosuke Komiya .

Editor information

Editors and Affiliations

  1. Columbia University, New York, NY, USA

    Meikang Qiu

Rights and permissions

Reprints and permissions

Copyright information

© 2019 Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Komiya, K., Nakajima, T. (2019). Community Cash: A Community-Based Cryptocurrency for Implementing Activity-Based Micro-Pricing. In: Qiu, M. (eds) Smart Blockchain. SmartBlock 2019. Lecture Notes in Computer Science(), vol 11911. Springer, Cham. https://doi.org/10.1007/978-3-030-34083-4_7

Download citation

  • DOI: https://doi.org/10.1007/978-3-030-34083-4_7

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-34082-7

  • Online ISBN: 978-3-030-34083-4

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics

Search

Navigation