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Current digital currency schemes provide instantaneous exchange on precisecommodity, in which "precise" means a buyer can possibly verify the function ofthe commodity without error. However, imprecise commodities, e.g. statisticaldata, with error existing are abundant in digital world. Existing digitalcurrency schemes do not offer a mechanism to help the buyer for paymentdecision on precision of commodity, which may lead the buyer to a dilemmabetween having to buy and being unconfident. In this paper, we design acurrency schemes IDCS for imprecise digital commodity. IDCS completes a tradein three stages of handshake between a buyer and providers. We present an IDCSprototype implementation that assigns weights on the trustworthy of theproviders, and calculates a confidence level for the buyer to decide thequality of a imprecise commodity. In experiment, we characterize theperformance of IDCS prototype under varying impact factors.

Founding Digital Currency on Imprecise Commodity