Experience the Visualization of "Social Capital" through usage of PEACE COIN as Community Currency【Demonstration Report】

Experience the Visualization of "Social Capital" through usage of PEACE COIN as Community Currency【Demonstration Report】

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  Demonstration Report onVisualization of Social Capital 22 November 2018 Advance capitalism to the next stage by using Blockchain Technology.
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  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.
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  Outline of Demonstration CommunityAttribute 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
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  Result：Visualization of SocialCapital 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
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  Result：Community Revitalization withPEACE 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)
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  Evaluation Survey aboutCurrent 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
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  Visualization of SocialCapital 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.
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  Conclusion Many people haveexperienced 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.
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