Trust, negotiations and virtual currencies for a sharing economy

Publication Type:
Conference Proceeding
Citation:
Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), 2016, 9571 pp. 363 - 366
Issue Date:
2016-01-01
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© Springer International Publishing Switzerland 2016.We propose an application that allows users to request other users for helpwith every-day tasks. Users can pay each other for these tasks by issuing contracts in which the requester promises to return the favor in the future by performing some task for the other. Such contracts can be seen as an alternative currency, coined by the users themselves. Trust is an essential aspect of this system, as the issuer of a contract may fail to fulfill its commitments. Therefore, the application comes with a social network where users can leave comments about other users. Furthermore, our application includes a market place where users can exchange service contracts between each other, and a negotiation algorithm that can automatically trade these contracts on behalf of the user.
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