The Technologies of Commodity-Money Circulation on the Basis of Personal and Corporative e-Banks

Alexander V. Ilyin, Vladimir D. Ilyin


The review describes three technologies of commodity-money circulation (CMC-technologies) implemented on the basis of personal e-banks (PEBs) owned by individuals and corporate e-banks (CEBs) owned by legal entities. The technology of designated payments and the technologies of payment lending and product lending are presented. The applied meaning of each CMC-technology is defined by a system of rules that direct and control actions of the parties to the agreement on commodity-money circulation (CMC-agreement). In implementation of CMC-technologies, PEBs and CEBs are considered as artificial intelligence systems, endowed with the ability to learn in the process of fulfilling CMC-agreements. Data on controlled events described in the agreements is supplied by digital twins. PEBs and CEBs are to be implemented on the basis of portable computer devices (smartphones, tablets) and stationary computers. CMC-technologies are aimed at improving the economic security of deals and reducing the influence of factors causing a decrease in the tradable capacity of money

Full Text:



Fisher, I. 1922. The Purchasing Power of Money. Its Determination and Relation to Credit, Interest, and Crises. New York: The Macmillan Co. Available at: (accessed March 5, 2020).

Keynes, J. 1935. The General Theory of Employment, Interest and Money. Macmillan Cambridge University Press. Available at: (accessed March 5, 2020).

Friedman, M., and M. Bordo. 2006. The Optimum Quantity of Money. Aldine Transaction. Available at: (accessed March 5, 2020).

Ilyin, A. V., and V. D. Ilyin. 2014. Towards a Normalized Economic Mechanism Based on E-services. Agris on-line Papers in Economics and Informatics. 6(3):39–49.

Ilyin, A. V., and V. D. Ilyin. 2019. The Normalized Economic Mechanism in the Digital Environment. International Journal of Open Information Technologies. 7(12):77–83.

Ilyin, V. D. 2018. Tekhnologiya naznachennykh platezhey v srede tsifrovykh dvoynikov [Designated payments technology in digital twins environment]. Systemy i Sredstva Informatiki [Systems and Means of Informatics]. 28(3):227-235.

Ilyin, V. D. 2009. Model’ normalizovannoy ekonomiki (NEk-model’): osnovy kontseptsii [The model of normalized economics (NEc-model): basics of framework. Upravleniye bol’shimi sistemami [UBS]. 25:116–138.

Tapscott, D. 1996. The digital economy: promise and peril in the age of networked intelligence. New York: McGraw-Hill. 342 p.

Christensen, C. M. 1997. The innovator`s dilemma: when new technologies cause great firms to fail. Boston: Harvard Business School Press. Available at: (accessed March 5, 2020).

Oxford Economics. The new digital economy: how it will transform business. 2015. Available at: (accessed March 5, 2020).

G20 Summit. G20 digital economy development and cooperation initiative. 2016. Available at: (accessed March 5, 2020).

Pravitel'stvo Rossiyskoy Federatsii. Programma «Tsifrovaya Ekonomika Rossiyskoy Federatsii» [The program «Digital Economy of the Russian Federation»]. 2017. Available at: (accessed March 5, 2020).

Ilyin, A. V., and V. D. Ilyin. 2015. E-trade with Direct Lending and Normalized Money. Agris on-line Papers in Economics and Informatics. 7(4):57–64.

The Digital Twin. General Electric. 2018. Available at: (accessed March 5, 2020).

Ilyin, A. V., and V. D. Ilyin. 2019. Solving Situationally Definable Linear Problems of Resource Planning: a Review of Updated Technology. Informatsionnyye tekhnologii i vychislitel’nyye sistemy [Journal of Information technologies and computing systems]. (3):99-106.


  • There are currently no refbacks.

Abava  Absolutech Fruct 2020

ISSN: 2307-8162