IEICE TRANSACTIONS on Communications
WOT for WAT: Spinning the Web of Trust for Peer-to-Peer Barter Relationships
Summary :
Peer-to-peer complementary currencies can be powerful tools for promoting collaborations and building relationships on the Internet. i-wat is a proposed such currency based on WAT System, a polycentric complementary currency using WAT tickets as its medium of exchange. Participants spontaneously issue and circulate the tickets as needed, whose values are backed up by chains of trust. i-wat implements the tickets electronically by exchanges of messages signed in OpenPGP. This paper clarifies the trust model of i-wat, and investigates how it is related with that of PGP. To implement the model by dynamically building an appropriate web of trust (WOT), we claim that it would suffice if the behaviors of participants satisfy the following three properties:
1. mutual signing by knowing, or any two mutual acquaintances sign the public keys of each other,
2. mutual signing by participation, or the drawer and a user of an i-wat ticket sign the public keys of each other, and
3. mutual full trust by participation, or the drawer and a user of an i-wat ticket fully trust each other, and a recipient fully trust the corresponding user of a ticket, in the context of PGP public key signing.
Likelihood of satisfaction of these properties is supported by the (dis)incentives imposed by the semantics of i-wat. A reference implementation of i-wat has been developed in the form of a Jabber instant messaging client. We are beginning to put the currency system into practical use.
- Publication
- IEICE TRANSACTIONS on Communications Vol.E88-B No.4 pp.1503-1510
- Publication Date
- 2005/04/01
- Publicized
- Online ISSN
- DOI
- 10.1093/ietcom/e88-b.4.1503
- Type of Manuscript
- Special Section PAPER (Special Section on Internet Technology V)
- Category
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Kenji SAITO, "WOT for WAT: Spinning the Web of Trust for Peer-to-Peer Barter Relationships" in IEICE TRANSACTIONS on Communications,
vol. E88-B, no. 4, pp. 1503-1510, April 2005, doi: 10.1093/ietcom/e88-b.4.1503.
Abstract: Peer-to-peer complementary currencies can be powerful tools for promoting collaborations and building relationships on the Internet. i-wat is a proposed such currency based on WAT System, a polycentric complementary currency using WAT tickets as its medium of exchange. Participants spontaneously issue and circulate the tickets as needed, whose values are backed up by chains of trust. i-wat implements the tickets electronically by exchanges of messages signed in OpenPGP. This paper clarifies the trust model of i-wat, and investigates how it is related with that of PGP. To implement the model by dynamically building an appropriate web of trust (WOT), we claim that it would suffice if the behaviors of participants satisfy the following three properties:
1. mutual signing by knowing, or any two mutual acquaintances sign the public keys of each other,
2. mutual signing by participation, or the drawer and a user of an i-wat ticket sign the public keys of each other, and
3. mutual full trust by participation, or the drawer and a user of an i-wat ticket fully trust each other, and a recipient fully trust the corresponding user of a ticket, in the context of PGP public key signing.
Likelihood of satisfaction of these properties is supported by the (dis)incentives imposed by the semantics of i-wat. A reference implementation of i-wat has been developed in the form of a Jabber instant messaging client. We are beginning to put the currency system into practical use.
URL: https://global.ieice.org/en_transactions/communications/10.1093/ietcom/e88-b.4.1503/_p
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@ARTICLE{e88-b_4_1503,
author={Kenji SAITO, },
journal={IEICE TRANSACTIONS on Communications},
title={WOT for WAT: Spinning the Web of Trust for Peer-to-Peer Barter Relationships},
year={2005},
volume={E88-B},
number={4},
pages={1503-1510},
abstract={Peer-to-peer complementary currencies can be powerful tools for promoting collaborations and building relationships on the Internet. i-wat is a proposed such currency based on WAT System, a polycentric complementary currency using WAT tickets as its medium of exchange. Participants spontaneously issue and circulate the tickets as needed, whose values are backed up by chains of trust. i-wat implements the tickets electronically by exchanges of messages signed in OpenPGP. This paper clarifies the trust model of i-wat, and investigates how it is related with that of PGP. To implement the model by dynamically building an appropriate web of trust (WOT), we claim that it would suffice if the behaviors of participants satisfy the following three properties:
1. mutual signing by knowing, or any two mutual acquaintances sign the public keys of each other,
2. mutual signing by participation, or the drawer and a user of an i-wat ticket sign the public keys of each other, and
3. mutual full trust by participation, or the drawer and a user of an i-wat ticket fully trust each other, and a recipient fully trust the corresponding user of a ticket, in the context of PGP public key signing.
Likelihood of satisfaction of these properties is supported by the (dis)incentives imposed by the semantics of i-wat. A reference implementation of i-wat has been developed in the form of a Jabber instant messaging client. We are beginning to put the currency system into practical use.},
keywords={},
doi={10.1093/ietcom/e88-b.4.1503},
ISSN={},
month={April},}
Copy
TY - JOUR
TI - WOT for WAT: Spinning the Web of Trust for Peer-to-Peer Barter Relationships
T2 - IEICE TRANSACTIONS on Communications
SP - 1503
EP - 1510
AU - Kenji SAITO
PY - 2005
DO - 10.1093/ietcom/e88-b.4.1503
JO - IEICE TRANSACTIONS on Communications
SN -
VL - E88-B
IS - 4
JA - IEICE TRANSACTIONS on Communications
Y1 - April 2005
AB - Peer-to-peer complementary currencies can be powerful tools for promoting collaborations and building relationships on the Internet. i-wat is a proposed such currency based on WAT System, a polycentric complementary currency using WAT tickets as its medium of exchange. Participants spontaneously issue and circulate the tickets as needed, whose values are backed up by chains of trust. i-wat implements the tickets electronically by exchanges of messages signed in OpenPGP. This paper clarifies the trust model of i-wat, and investigates how it is related with that of PGP. To implement the model by dynamically building an appropriate web of trust (WOT), we claim that it would suffice if the behaviors of participants satisfy the following three properties:
1. mutual signing by knowing, or any two mutual acquaintances sign the public keys of each other,
2. mutual signing by participation, or the drawer and a user of an i-wat ticket sign the public keys of each other, and
3. mutual full trust by participation, or the drawer and a user of an i-wat ticket fully trust each other, and a recipient fully trust the corresponding user of a ticket, in the context of PGP public key signing.
Likelihood of satisfaction of these properties is supported by the (dis)incentives imposed by the semantics of i-wat. A reference implementation of i-wat has been developed in the form of a Jabber instant messaging client. We are beginning to put the currency system into practical use.
ER -
English
