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Disadvantages—this limits internet function to promotion; no revenue opportunity is involved. First, atransaction must create an incorruptible record. In some systems like first virtual and globe-id [15,19], additional "trusted" third parties have complete access to transaction information, and they can maintain audit information. X can falsify its records as follows.

Card issuers don’t dothis for conventional signatures and there is no immediately obvious reason why theyshould behave differently when digital signatures are involved. Note again that certificates are being used to give keyholders permissions of some kind,for example, permission to practise as doctors or lawyers.

If a signed record canbe decoded with e's public key, then e must have signed the record. Moreover, the value ofidentity here will be that it brings with it a wider set of qualities (reputation) in whichconsumers have a strong interest. Tax rate would then depend only on a product'scategory, which is well-defined nationwide, and tax jurisdiction, which would be determined fromthe official address by software.



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For example, such a certificate couldindicate that the keyholder is a medical doctor or a lawyer. Identity certificatesgovernments have always played a role in identifying their citizens using suchdocuments as birth certificates, passports and drivers licences. However, no private information is revealed by displaying vk alone. 1, Revised 8th june 1999 page 14discover.

When we attach our friend’s name to their verificationkey and sign the combination, we are stating that we use the name in the certificate toidentify the related signing key. (Or if the two parties have accounts with different banks, they will arrange the transfer together. ) The registration process is summarized in figure 1. 1: Registering a customereach customer must register with one or more verifiers before using the system.

Of the twelve approaches described above, three require all parties involved in a transaction (or alleged transaction) to conspire to falsify records at the time of the transaction (1, 4, and 6). Any attempt to forge, delete, or retroactively alter records must facesignificant risk of detection, even if buyer, seller and/or third parties involved in the transactioncooperate in the attempt. Of course, one aim of certificates is to make such associations stronger but, as indicatedearlier, certificates alone cannot accomplish this task. 1, Revised 8th june 1999 page 12requesting party and the relying party are the same since a person returning to theircountry of citizenship is relying on their passport for re-admission.

Taxation of e-commerce has all the practical difficultiesposed by restricted sales and fraud protection, and more.

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