Department   Matsuyama University  Department of Business Administration, Faculty of Business Administration
   Position   Professor
Language English
Publication Date 2003/01
Peer Review With peer review
Title An Insight for Consequences of E-business:Possible Case for Cross Border Trading without Using Hard Currency
Contribution Type
Journal SAINT2003
Journal TypeAnother Country
Publisher IEEE
Volume, Issue, Pages pp.139-142
Details E-business has entered into a new era, where new types of payment are present. The payments between the debtor and creditor are not necessarily carried out by traditional "cash vs. goods" style any more. The mechanism of credit enhancement has already been changing as direct settlements increase. In addition, new kind of money is emerging; money that is not issued by the government but the users. There are movements of new local currency systems in Japan. That is not particularly limited within Japan but increasing number can be counted all over the world. Many of those mechanisms utilize the features of electronic settlements. Recently, systems that propose the protocols for P2P settlement are gaining attention. This paper discusses the present evolution of such systems (ex. WAT-system) and foresees what comes next, that is to say, "Local currency becomes global currency" in cross border trading.
DOI 10.1109/SAINTW.2003.1210143
ISBN 0-7695-1873-7