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· Vendors should collect sales tax in electronic commerce transactions, just as they do intraditional commerce. Records of transactions must be maintained to facilitate reconciliation and reporting later. Any person (or company) who wants an audit trail must first register with one ormore verifiers. This trusted notary chip would apply its digital signature to the record being notarized and associated timestamp, thereby proving that the trusted entity saw the record in this form. The notary also creates a receipt. Location of the buyerwhen a physical product is mailed to a buyer, it is not unreasonable to use mailing address asthe buyer's official address. Basic function of electronic-commerce systemselectronic commerce is coming of age. Butthis does not fully resolve the difficulty since we might still receive a key countersigned bysomeone we cannot trust because we don’t know them.
| Ecommerce Store Software info: X used a false identity in the transaction t so that its records would not directly contradict those of y. Most international money transfer companies have not yet reaped the benefits of secure internet payment systems. A digital signature is provided when theenciphering key is kept private and the deciphering key is made public, so that anyonewith the public key can decipher a message that only the keyholder could haveenciphered. There has been considerable attention on the development of a suitable payment system for electronic commerce [2,19], but not on the complementary system to produce and verify an audit trail. See also E Commerce Shopping Cart Software, and Ecommerce Store Software related pages. |
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