A local currency system reflecting variety of values with a swarm intelligence

Kinoshita Hirotsugu, Tajima Yoshiaki, Morizumi Tetsuya, Noto Masato, Kanabe Hideyuki, Miyata Sumiko

Research output: Chapter in Book/Report/Conference proceedingConference contribution

2 Citations (Scopus)

Abstract

Appropriate values for information resources and services need to be evaluated before these values and information resources are exchanged to circulate the information resources more smoothly. A local currency is suitable for financial settlement among members of a community. As previous studies treated values as a criterion, just circulating resources in communities is insufficient for evaluating various values. A value exchange system with agents has been developed to more smoothly offer information resources and services. We have found that a value vector was also created to reflect various values. Next, a method was developed for converting parts of vectors into securities to be circulated among the community. Furthermore, an information capsule was introduced to exchange services and local currencies. Multiple values should be combined in our scheme to pay them as the reward for services. It is generally difficult to decide optimum combinations that maximize the properties of entities. We applied particle swarm optimization (PSO), which is a method of optimization that emulates the behavior of creatures such as flocks of birds or schools of fish. We also propose a scheme to decide the optimum combinations of values as a reward for services.

Original languageEnglish
Title of host publicationProceedings - 2012 IEEE/IPSJ 12th International Symposium on Applications and the Internet, SAINT 2012
Pages251-255
Number of pages5
DOIs
Publication statusPublished - 2012 Nov 1
Event2012 IEEE/IPSJ 12th International Symposium on Applications and the Internet, SAINT 2012 - Izmir, Turkey
Duration: 2012 Jul 162012 Jul 20

Publication series

NameProceedings - 2012 IEEE/IPSJ 12th International Symposium on Applications and the Internet, SAINT 2012

Other

Other2012 IEEE/IPSJ 12th International Symposium on Applications and the Internet, SAINT 2012
CountryTurkey
CityIzmir
Period12/7/1612/7/20

Keywords

  • Electronic Commerce
  • Electronic money
  • Local currency
  • Particle Swarm Optimization

ASJC Scopus subject areas

  • Computer Networks and Communications

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  • Cite this

    Hirotsugu, K., Yoshiaki, T., Tetsuya, M., Masato, N., Hideyuki, K., & Sumiko, M. (2012). A local currency system reflecting variety of values with a swarm intelligence. In Proceedings - 2012 IEEE/IPSJ 12th International Symposium on Applications and the Internet, SAINT 2012 (pp. 251-255). [6305293] (Proceedings - 2012 IEEE/IPSJ 12th International Symposium on Applications and the Internet, SAINT 2012). https://doi.org/10.1109/SAINT.2012.47