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In most current identity certificates, a key will be linked to a personor an object by using a name – a string of characters – and this involves many pitfalls. (Thus, even micropayment systems [8,18,20] can be supported. Considering professional organisations, and using certified doctors’ digital signatures asan example, what would a third party ca contribute in comparison with the generalmedical council or the british medical association? They could never match theprofessional expertise of the latter bodies in a direct certification role and could not expectto certify doctors’ digital signatures to the same level of professional assurance. In other words, there is no possible name choice that is both unique and meaningful, atpresent, and any new name structure fitting those requirements would require a change in social conventions thatmight take centuries to accomplish.

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There are 30,000 tax authorities in the united states withpotentially different policies; monitoring them all is a costly burden. In the identity example, this might be issued by one uk government agency and used byanother. Telephone and mail order businesses face similar problems, but e-commerce isdifferent. Advantages—simple web sites can be developed easily and quickly at low cost.



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However,while such certificate might not contain keyholder identity data, the certificate issuer willknow this so such requirements can be met if necessary. For identity certificates there are subtle problems of what constitutes identity and how thiscan be established. An alternative is to make the notary trusted by forcing it to operate in view of the public, or at least the auditors. The sales tax should be based on the official location of the buyer.

If all coins represent a value of one cent, then transfers of many thousands of dollars could be impractical. These kiosks also make it easy to deposit money into a pay cash account. The agent could not have faked these payment records, because only the sender has the secret key s needed to produce both digital signatures. It would hence bedigital signatures, certificates & electronic commerceversion 1.

Many current laws and regulations require written records, written signatures, orwritten timestamps. The agent checks by searching this list. With an electronic commerce–transaction server, service providers can process transactions for multiple sellers from distributed content. Disadvantages—this limits internet function to promotion; no revenue opportunity is involved.

The ‘johnsmith’ known to the issuer might not be the same ‘john smith’ that the verifier knows. Worse, laws could make tax collectionso expensive that e-commerce could not survive. The transaction server also contains a component to process digital certificates from an organization using certificate-authority software.

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