Information Technology Reference
In-Depth Information
Fig. 12.10
Classification
of the value
Fig. 12.11
Value vector
12.7.3 Circulation Using Securities
12.7.3.1 Classification of Values
We classify the values into three categories shown in Fig.
12.10
.
•
The first value:
This value is effective for oneself.
•
The second value:
This value is effective for entities who transact with each
other.
•
The third value:
This value is recognized commonly in the community.
It is difficult to circulate the first and second values one after another. To
circulate the first and second values, we have to convert them into the third value.
12.7.3.2 Value Vector
We describe the value as the vector shown in Fig.
12.11
. Each axis shows a value.
Let
x
1
;
x
2
; ;
x
n
be the values. The value of object
x
is denoted as
V
x
¼ð
x
1
;
x
2
; ;
x
n
Þ:
Services, products, and local currencies have a value vector. We introduce
two types of value vector functions. One is the transaction evaluation function
F
trans
e
ð
V
x
;
V
y
Þ
, which shows the gain of the transaction from the viewpoint of the
entity
e
V
x
and
V
y
are a value vector of a service and a reward for the service,
respectively.
F
trans
e
becomes positive if the transaction yields a profit for
e
. The
:
