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[yak@collab] Information Currency

To: yak@xxxxxxxxxxxxxxxxxxx
From: "Jack Park" <jackpark@xxxxxxxxx>
Date: Tue, 4 Apr 2006 07:06:45 -0700
Message-id: <5179aafa0604040706v39b9ebe5u714503646d846dde@mail.gmail.com>
I just noticed a link on freshmeat.net [1] which points to a "draft
RFC" document [2]. Don't know if that is an actual RFC document
already submitted, or just a look-alike to add flavor to the project;
nevertheless, the system, which included Jetty and Derby and an mit-X
(BSD) license is worth looking at if you like to study code. Here's
the abstract from [2]    (01)

"   Information currency is the name given to tradeable economic
   instruments representing underlying information.  The document
   formats for information currency and the operations defined for
   information currency are described in this note.
"
Here's a quote from [1]
"Allocation of economic resources by financial mechanisms is an
essential part of modern economies, and financial innovations have
been a powerful force for human progress. Information technology
provides the opportunity to create new economic instruments derived
from any arbitrary element of information. Information currency units
are economically scarce objects that are issued and maintained by a
service that establishes a correspondence between underlying units of
information and information currency. Information currency will enable
the application of economic mechanisms for information management and
valuation. Information currency units can be traded for other economic
instruments, and the trade value of information currency units
provides an economic valuation of the underlying information."    (02)

Jack
[1] http://infoeng.sourceforge.net/
[2] http://infoeng.sourceforge.net/information-currency-rfc.txt    (03)

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