The document summarizes a demonstration on visualizing social capital using blockchain technology. The demonstration showed that:
1) Participants' self-evaluations of their own social capital were typically lower than evaluations from others, and seeing how others evaluated them improved self-confidence.
2) Using a cryptocurrency called PEACE COIN that increased in value based on social interactions successfully promoted visualization of social capital within the community.
3) Most participants wanted to use a system like this in their daily lives to better recognize social contributions and show appreciation to others.
Experience the Visualization of "Social Capital" through usage of PEACE COIN as Community Currency【Demonstration Report】
1. Demonstration Report on Visualization of Social Capital
22 November 2018
Advance capitalism to the next stage by using Blockchain Technology.
2. Purpose of Study
● To demonstrate if the visualization of Social Capital (especially visualized
by other person’s evaluation) is effective to improve self-confidence and
life motivation
● To demonstrate if PEACE COIN (the Crypto Token which increments when
remitted) is effective to promote visualization of Social Capital
Definition Facets
Openness
The tendency to be open to
new aesthetic, cultural, or
intellectual experiences
Curious, Imaginative,
Artistic
Conscientious-
ness
The tendency to be organized,
responsible, and hardworking
Self-discipline,
Achievement striving,
Deliberation
Extraversion
An orientation of interests and
energies toward the outer
world of people and things
Energetic, Sociable,
Positive emotions
Agreeableness
The tendency to act in a
cooperative, unselfish manner
Modesty, Sympathetic
Emotional
Stability
Predictability and consistency
in emotional reactions
Anxiety, Irritable,
Not Impulsive
Reference:”Character Skills” by TSURU Kotaro of Keio University
Social Capital
In the society where Social Capital shown in the right
table is accumulated, people gain mutual trust and
cooperation. It affects positively on various areas,
such as Security, Economy, Education, Health,
Happiness, etc., which makes people less cautious to
others and makes the society more efficient.
3. Outline of Demonstration
Community Attribute University・Research Institution
Venue At a University Campus in Setagaya, Tokyo
Date・Time 22 November 2018 15:00 ~ 17:00 (2.0 hours)
Participants 13 pax
Gender Male:8(61.5%) Female:5(38.5%) Others:0(0%)
Age 20s:12(92.3%)
30s:1(7.7%) Unkown・Others:0(0%)
The Demonstration was held in
a Seminar of a University in
Tokyo. Participants were third
year and fourth year university
students, and the teacher of
the seminar.
Demonstration
Procedure
First, participants answer the questionnaire about self-confidence.
They answer the questionnaire for visualization of their own Social Capital.
They answer the questionnaire to visualize Social Capital of other member of the same community.
Collect and compare the answers about Social Capital evaluated by themselves and evaluated by others.
Divide the participants into groups of 4, and send their Social Capital each other using PEACE COIN Wallet
App within the limited time.
Rules of the Game using
PEACE COIN Wallet
Application Used:Smartphone App PEACE COIN
Initial Holdings of PEACE COIN Token:1000
If you attach a message upon Token remittance, 5 Token per 1 letter will be rewarded as a bonus.
Token Increment Process
In every 5 minutes after the game starts, Token increments depending on each transaction amount as
follows;
[1-100:12][101-1000:50][1001-10000:300][10001-:1500]
Preconditions
Explanation about Social Capital:Yes
Explanation about economy and mechanism of money:Yes
Explanation about increment process of PEACE COIN:Yes
Demonstration Procedure・Rules of the Game
4. Result:Visualization of Social Capital
We conducted a survey about Self-Evaluation and Others’ Evaluation indexed below. After the
survey, we demonstrated Others’ Evaluation through transaction of PEACE COIN, using
PEACE COIN Wallet.
■Self-Evaluation
Action (something you did for others), Skill (your good character・something you are good at), Others
■Others’ Evaluation
Action (feel happy・impressed, etc.), Skill (specialized knowledge・skills, etc.), Others
Self-Evaluation Others’ Evaluation
Social Capital (Self-Evaluation・Others’ Evaluation)
Participant 1
Participant 2
Participant 3
Participant 4
Participant 5
Participant 6
Participant 7
Participant 8
Participant 9
Participant 10
Participant 11
Participant 12
Participant 13
5. Result:Community Revitalization with PEACE COIN
All participants had more Social Capital by Others’ Evaluation than Self-Evaluation.
Remittance Amount of whole community increased every turn, but Remittance Frequency remained almost
same.
Self-Evaluation
Others’
Evaluation
Action 31 53.4% 39 28.9%
Skill 27 46.6% 82 60.7%
Others 0 0.0% 14 10.4%
Average 4.83 10.38
Total 58 100.0% 135 100.0%
Remittance Amount of Whole Community Remittance Frequency of Whole Community
Turn 1 Turn 2 Turn 3 Turn 4 Turn 1 Turn 2 Turn 3 Turn 4
Action Skill Others Total
Total Social Capital
(Self-Evaluation・Others’ Evaluation)
6. Evaluation Survey about Current Social Life
The Preliminary Survey (upper left figure) shows that less
people are self-confident and more people are not
self-confident or neither one.
More than 80% people have experienced that they were
evaluated wrongly (bottom right figure), and all of them feel
more confident after being evaluated by others (upper right
figure).
Yes, it has a lot.
I feel better with
visualization.
Has visualization of Social Capital improved
your confidence and satisfaction?
1:Not Self-
Confident at all
Self-Confidence
2:Not so
Self-Confident
3:Neither
One
4:Self-
Confident
5:Very
Self-Confident
No Answer
YES
NO
7. Visualization of Social Capital and Usage of PEACE COIN
Do you want to use the system of the simulation game in daily
life or in your community?
Does the visualization of Social Capital improve your
satisfaction of life?
If there is a tool to show appreciation, do you want to use?
YES
NO
Others
Have you experienced the case that you wanted to show
appreciation but couldn’t?
YES
NO
Others
Yes No Others 1:Yes, it
does a lot.
2:Yes, it’s
better.
3:Neither
one
4:No, it’s
better not.
5:No, not at
all.
8. Conclusion
Many people have experienced that they didn’t receive fair evaluation or they couldn’t
convey their appreciation to others during their school days. Also, it is hard to recognize
your own value by yourself, and many people have lower self evaluation.
It is difficult to find and visualize your own Social Capital, such as something you have
done to others or something you can do for others. It is easier for others to find your
Social Capital. It can be said that the Visualization of Social Capital by others’
evaluation will improve your Self-Confidence and Life Motivation.
Many students think that if there is a tool to visualize others’ Social Capital, they want
to use it.
The evaluation of others’ Social Capital using PEACE COIN and communication in the
community were vitalized as time proceeded.
It can be said that PEACE COIN is an effective tool to promote Visualization of Social
Capital.