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 webpage creator, and Ecommerce Application Software information: Each entity e gets a publickey, which is available to everyone, plus a secret key, which only e knows. Second, unlike a physical product, information can be sold manytimes. Random audits must insure thatregistered vendors collect taxes due to any state. A finalpoint about sales restrictions: U. It is not sufficient to simply submit t to the notary, for two reasons. Thissystem includes verifiers and notaries. If government leads, industry will buildtrustworthy commercial verifiers and notaries are needed. However, we might extend this by not only accepting their keys but also anykeys that they have signed. For example, in the use of digitalcertificates to implement ‘electronic cash’ individual transactions need to be anonymous ifthey are to mimic normal money transactions and this means that the certificates involvedwill be authorisation certificates without identity information.
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This prevents a vendor from keepingmultiple sets of electronic records, and deciding which to reveal when audited. To do otherwise would be to unfairly favor one industry over another, and it would decreasethe efficiency of the market. For example, most people employ more localised ways of identifyingthose with whom they interact through direct meetings, through their immediatecolleagues or using their (or their companies’) address books. Telephone and mail order businesses face similar problems, but e-commerce isdifferent. Only accredited firms should beused when generating records to comply with federal laws or to interact with federalagencies. |
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