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Free Services On The Net: Move From Barter To Money

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  • Rakesh Shrivastava

Abstract

Consumers routinely use ‘free’ services on the web by accessing these from laptops and mobile. These services are actually paid by the user’s time, attention, and data. Consumers depend on regulators and authorities to protect their interests. The arter trade of service can move to a system of money, say ‘Cyberdollar’. Whenever a service is used, the consumer of service shall pay Cyberdollars for the services used. Service-provider shall pay Cyberdollars to the consumer for their time spent, attention and for data. A Cyberdollar-based marketplace for web services shall be more efficient and vibrant than the present barter system. Consumers shall be able to influence the price of various services based on utility and quality, and service providers shall be able to optimize their earnings by dynamic pricing of services offered. Consumers shall have a choice of gracefully opting out of services, and service providers may seek compensation for loss of business. Cyberdollars may emerge as the most powerful currency used all over the globe for transacting on the world wide web. Key Words: Access to world wide web, Free web services, Prices of web-based services, Virtual currency

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  • Rakesh Shrivastava, 2021. "Free Services On The Net: Move From Barter To Money," Working papers 2021-38-08, Voice of Research.
    • Handle: RePEc:vor:issues:2021-38-08
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    References listed on IDEAS

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    Keywords

    access to world wide web; free web services; prices of web-based services; virtual currency;
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