normal_post - Internet bandwidth as a global currency? - Technology Author Topic: Internet bandwidth as a global currency?  (Read 569 times)

Ligalig-Mike

  • FOUNDER
  • GURU
  • *****
  • avatar_1_1507939928 - Internet bandwidth as a global currency? - Technology
  • Posts: 18912
  • medal1 - Internet bandwidth as a global currency? - Technologymedal2 - Internet bandwidth as a global currency? - Technology
  • Need A Website? Email me: info@mikeligalig.com
    • Share Post
xx - Internet bandwidth as a global currency? - Technology
Internet bandwidth as a global currency?
« on: September 01, 2007, 01:22:03 AM »
Computer scientists at Harvard's School of Engineering and Applied Sciences, in collaboration with colleagues from the Netherlands, are using a novel peer-to-peer video sharing application to explore a next-generation model for safe and legal electronic commerce that uses Internet bandwidth as a global currency.

The application (available for free download at http://tv.seas.harvard.edu) is an enhanced version of a program called Tribler, originally created by scientists at the Delft University of Technology and Vrije Universiteit, Amsterdam to study video file sharing. The software exploits the power of peer-to-peer technology, which is based on forming networks among individual users.

“Successful peer-to-peer systems rely on designing rules that promote fair sharing of resources amongst users. Thus, they are both efficient and powerful computational and economic systems,” says David Parkes, John L. Loeb Associate Professor of the Natural Sciences at Harvard. "Peer-to-peer has received a bad rap, however, because of its frequent association with illegal music or software downloads.”

Unlike traditional, centralized approaches, peer-to-peer systems are incredibly robust, as they can scale smoothly since the software adjusts to the number and behavior of individual users. The researchers were inspired to use a version of the Tribler video sharing software as a model for an e-commerce system because of such flexibility, speed, and reliability. “Our platform will provide fast downloads by ensuring sufficient uploads,” explains Johan Pouwelse, an assistant professor at Delft University of Technology and the technical director of Tribler. “The next generation of peer-to-peer systems will provide an ideal marketplace not just for content, but for bandwidth in general.”

The researchers envision an e-commerce model that connects users to a single global market, without any controlling company, network, or bank. They see bandwidth as the first true Internet “currency” for such a market. For example, the more a user uploads now (i.e. earns) and the higher the quality of the contributions, the more s/he would be able to download later (i.e. spend) and the faster the download speed. More broadly, this paradigm empowers individuals or groups of users to run their own “marketplace” for any computer resource or service.

source: http://tv.seas.harvard.edu/press.php

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=3856.0
Romans 10:9
"That if you shall confess with your mouth the Lord Jesus, and shall believe in your heart that God has raised him from the dead, you shall be saved."

Get FREE 500GB cloud storage:
https://www.pcloud.com/welcome-to-pcloud/?discountcode=fDiE7jtC01VPbCIygaM67jZV

devondad93

  • STUDENT
  • *
  • Posts: 2
    • Share Post
xx - Internet bandwidth as a global currency? - Technology
Re: Internet bandwidth as a global currency?
« Reply #1 on: July 05, 2010, 12:53:58 PM »
The advantage of currency is that it allows getting past the inefficient mechanism of barter. Bandwidth can be bartered, but it can't be stored, for instance. Unused bandwidth is forever wasted. The only way to prevent it being wasted is for someone to use it.

hofelina

  • DONOR
  • GURU
  • *****
  • avatar_1468_1343904761 - Internet bandwidth as a global currency? - Technology
  • Posts: 10009
  • medal1 - Internet bandwidth as a global currency? - Technologymedal2 - Internet bandwidth as a global currency? - Technology
  • Always look at the bright side of life!
    • Share Post
xx - Internet bandwidth as a global currency? - Technology
Re: Internet bandwidth as a global currency?
« Reply #2 on: July 05, 2010, 05:52:34 PM »
world wide web and internet flourished because of sharing, this is an ideal practice.



Share via facebook Share via linkedin Share via pinterest Share via reddit Share via twitter
 

SMF spam blocked by CleanTalk
Powered by SMFPacks SEO Pro Mod | Sitemap
Mobile View
SimplePortal 2.3.7 © 2008-2020, SimplePortal