Building an alternative social currency: Dematerialising and rematerialising digital money across media

This paper reports on the user experience and design of physical and digital forms of a mixed-media local currency. We reconceive digitally mediated transactions as social interactions and report on the development of conceptual designs informed by user research and interactive workshops. Our findings show that use is strongly tied to conceptions of locality and community, markers of identity, information exchange and the digital and physical forms as tools for shaping interactions. The form of the currency can make the invisible visible, exposing our identities and values, business models, and the details of the transactions themselves. Our analysis stresses the need to provide opportunities for extending social interaction, making more local connections and deriving the best value from those connections, without insulating individuals from each other, or from the wider geographical context. Themes that emerged from the user research were visualized as conceptual designs for digitally augmented media, allowing us to explore the monetary transaction at three levels: the material, as interaction between two parties, and the context of the transaction.The RCUK Digital Economy theme (EP/K012304/1)

Fundamental Oscillation Periods of the Interlayer Exchange Coupling beyond the RKKY Approximation

A general method for obtaining the oscillation periods of the interlayer exchange coupling is presented. It is shown that it is possible for the coupling to oscillate with additional periods beyond the ones predicted by the RKKY theory. The relation between the oscillation periods and the spacer Fermi surface is clarified, showing that non-RKKY periods do not bear a direct correspondence with the Fermi surface. The interesting case of a FCC(110) structure is investigated, unmistakably proving the existence and relevance of non-RKKY oscillations. The general conditions for the occurrence of non-RKKY oscillations are also presented.Comment: 34 pages, 10 figures ; to appear in J. Phys.: Condens. Mat

Putting the ‘digital’ in Digital Intermediaries: the role of technical infrastructure in building business models

Digital Technology Innovation and Financial Business Practices The UK economy has a huge dependence on financial services, and this is increasingly based on digital platforms. Innovating new economic models around consumer financial services through the use of digital technologies is seen as increasingly important in developed economies. There are a number of drivers for this, ranging from national economic factors to the prosaic nature of enabling cheap, speedy and timely interactions for users. The potential for these new digital solutions is that they will allay an over-reliance on the traditional banking sector, which has proved itself to be unstable and risky, and we have seen a number of national policy moves to encourage growth in this sector. Partly as a result of the 2008 banking crisis, there has been an explosion in peer-to-peer financial services for non-professional consumers. These organisations act as intermediaries between users looking to trade goods or credit. However, building self-sustaining or profitable financial services within this novel space is itself fraught with commercial, regulatory, technical and social problems. This report addresses the mutual shaping of business models and innovations in digital technical infrastructure – both client-facing and administrative back-end – in two retail financial products currently in use in the United Kingdom: peer-to-peer consumer lending and a local digital/paper hybrid currency system. The two products and their issuing firms, Zopa Limited (Zopa) and The Bristol Pound Community Interest Company (the Bristol Pound), respectively, are established leaders in their respective product areas: Zopa was established in 2005 and the Bristol Pound in 2010. Each of these firms seeks to disrupt an established financial market through the application of digital technologies and processes: consumer lending for Zopa and retail payment for the Bristol Pound. Our research has involved teams from Lancaster University examining Zopa and Brunel University focusing on the Bristol Pound over approximately a one-year period from October 2013 to October 2014. Extensive interviews, document analysis, observation of user interactions, and other methods have been employed to develop the process analyses of the firms presented here. This report is comprised of three primary sections: descriptions of the business and technological processes of each of Zopa and the Bristol Pound, and a final analytical section drawing preliminary conclusions from the research presented.3DaRoC is funded by the UK’s Digital Economy ‘Research in the Wild’ initiative. It has a substantial research budget of over £320K, with £35K of additional industrial support

Magnetic braking in young late-type stars: the effect of polar spots

The concentration of magnetic flux near the poles of rapidly rotating cool stars has been recently proposed as an alternative mechanism to dynamo saturation in order to explain the saturation of angular momentum loss. In this work we study the effect of magnetic surface flux distribution on the coronal field topology and angular momentum loss rate. We investigate if magnetic flux concentration towards the pole is a reasonable alternative to dynamo saturation. We construct a 1D wind model and also apply a 2-D self-similar analytical model, to evaluate how the surface field distribution affects the angular momentum loss of the rotating star. From the 1D model we find that, in a magnetically dominated low corona, the concentrated polar surface field rapidly expands to regions of low magnetic pressure resulting in a coronal field with small latitudinal variation. We also find that the angular momentum loss rate due to a uniform field or a concentrated field with equal total magnetic flux is very similar. From the 2D wind model we show that there are several relevant factors to take into account when studying the angular momentum loss from a star. In particular, we show that the inclusion of force balance across the field in a wind model is fundamental if realistic conclusions are to be drawn from the effect of non-uniform surface field distribution on magnetic braking. This model predicts that a magnetic field concentrated at high latitudes leads to larger Alfven radii and larger braking rates than a smoother field distribution. From the results obtained, we argue that the magnetic surface field distribution towards the pole does not directly limit the braking efficiency of the wind.Comment: 11 pages, 10 figures, accepted in A&

#CHIMoney: Financial interactions, digital cash, capital exchange and mobile money

Interactions around money and financial services are a critical part of our lives on and off-line. New technologies and new ways of interacting with these technologies are of huge interest; they enable new business models and ways of making sense of this most important aspect of our everyday lives. At the same time, money is an essential element in HCI research and design. This workshop is intended to bring together researchers and practitioners involved in the design and use of systems that combine digital and new media with monetary and financial interactions to build on an understanding of these technologies and their impacts on users' behaviors. The workshop will focus on social, technical, and economic aspects around everyday user interactions with money and emerging financial technologies and systems

Exchange coupling between magnetic layers across non-magnetic superlattices

The oscillation periods of the interlayer exchange coupling are investigated when two magnetic layers are separated by a metallic superlattice of two distinct non-magnetic materials. In spite of the conventional behaviour of the coupling as a function of the spacer thickness, new periods arise when the coupling is looked upon as a function of the number of cells of the superlattice. The new periodicity results from the deformation of the corresponding Fermi surface, which is explicitly related to a few controllable parameters, allowing the oscillation periods to be tuned.Comment: 13 pages; 5 figures; To appear in J. Phys.: Cond. Matte

Exponential behavior of the interlayer exchange coupling across non-magnetic metallic superlattices

It is shown that the coupling between magnetic layers separated by non-magnetic metallic superlattices can decay exponentially as a function of the spacer thickness $N$, as opposed to the usual $N^{-2}$ decay. This effect is due to the lack of constructive contributions to the coupling from extended states across the spacer. The exponential behavior is obtained by properly choosing the distinct metals and the superlattice unit cell composition.Comment: To appear in Phys. Rev.