Peer-to-peer is frequently associated with illegal downloading, especially music and video. For this purpose, downloading video, peer-to-peer can also be considered as positive for once. What is the case? Research workers of the Technical University of Delft, the Free University of Amsterdam and Harvard’s School of Engineering are working on the development of a video peer-to-peer platform what bandwidth converts into a global currency.
The platform is based on the program Tribler. The researchers strive for an e-commerce model that connects users with each other in a global market, without a centralized governing organization, as the first real Internet currency, comparible to currencies such as the Euro or the Dollar. The more a user uploads, and the better the quality, it enables more and faster downloads for the user. This virtual economy is regulated on the basis of trust, a network of friends that ascertain users can be trusted.
Read the article (PDF) which describes the P2P algorithm (Give-to-Get) that prevents free-riding. It explains how using bandwidth to upload is rewarded by being able download more and faster. When there is an abundance of common download capacity, it remains possible for free-riders to download at good speeds. As yet, the algorithm is more suitable for relatively shorter videos. See also the post on the Dutch P2P blog.