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An approach to trading valuable points in a virtual wealth exchange model for closed virtual communities

An approach to trading valuable points in a virtual wealth exchange model for closed virtual... Today, different types of virtual communities connect billions of people around the world via the internet, particularly given expanding cellular networks and the growth of smart mobile devices. For community operators, one major problem is increasing users' economic activity in virtual worlds. As such, connecting various virtual economic systems in one all-encompassing system can be an alternative posing inexhaustible potential for e-commerce. Scholars have proposed the reliable virtual wealth trading model for exchanging virtual wealth across closed virtual communities. However, the model lacks a quantity concept for virtual products that could obstruct the model's applicability. In this paper, we propose a virtual wallet concept to resolve the model's quantity deficit. Since communities can be either regular or lean, we also offer two corresponding versions of wallet processes. Ultimately, this article provides two complete implementations to serve as reference designs, as well as explains the usability of the approach. Keywords: virtual community; virtual money; virtual wealth exchange; valuable point. Reference to this paper should be made as follows: Hsu, W-C., Wang, P-Y. and Chiang, C-W. (2015) ` in a virtual wealth exchange model for closed virtual communities', Int. J. Web Engineering and Technology, Vol. 10, No. 3, pp.291­308. Biographical http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Web Engineering and Technology Inderscience Publishers

An approach to trading valuable points in a virtual wealth exchange model for closed virtual communities

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Publisher
Inderscience Publishers
Copyright
Copyright © 2015 Inderscience Enterprises Ltd.
ISSN
1476-1289
eISSN
1741-9212
DOI
10.1504/IJWET.2015.072354
Publisher site
See Article on Publisher Site

Abstract

Today, different types of virtual communities connect billions of people around the world via the internet, particularly given expanding cellular networks and the growth of smart mobile devices. For community operators, one major problem is increasing users' economic activity in virtual worlds. As such, connecting various virtual economic systems in one all-encompassing system can be an alternative posing inexhaustible potential for e-commerce. Scholars have proposed the reliable virtual wealth trading model for exchanging virtual wealth across closed virtual communities. However, the model lacks a quantity concept for virtual products that could obstruct the model's applicability. In this paper, we propose a virtual wallet concept to resolve the model's quantity deficit. Since communities can be either regular or lean, we also offer two corresponding versions of wallet processes. Ultimately, this article provides two complete implementations to serve as reference designs, as well as explains the usability of the approach. Keywords: virtual community; virtual money; virtual wealth exchange; valuable point. Reference to this paper should be made as follows: Hsu, W-C., Wang, P-Y. and Chiang, C-W. (2015) ` in a virtual wealth exchange model for closed virtual communities', Int. J. Web Engineering and Technology, Vol. 10, No. 3, pp.291­308. Biographical

Journal

International Journal of Web Engineering and TechnologyInderscience Publishers

Published: Jan 1, 2015

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