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Internet commerce authorities and digital cash.
| Content Provider | CiteSeerX |
|---|---|
| Author | Brumen, Bostjan Welzer, Tatjana |
| Abstract | Digital cash is still at the beginning of the development and use and as such suffers some major deficiencies. This paper describes how to overcome the problem of how to check the identity of an internet merchant. In systems proposed to date there is no assurance that an internet merchant has a legal status allowing him to operate. One can set up virtual store, collect digital money and never provides for the services or goods being paid. To check whether a merchant has a legal status (and thus bears liability) a network of Internet Commerce Authorities is proposed. 1. INTRODUCTION Electronic commerce - the application of information technology to business processes - promises to radically change business. Since 1993, the use of Internet and WWW has exploded. Surveys show a growth from 1.3 million servers in January 1993 to 29.6 million servers in January 1998. Internet connects more than 70 million people in over 140 countries [10]. Predictions show that Internet will continue to gr... |
| File Format | |
| Access Restriction | Open |
| Subject Keyword | Digital Cash Internet Commerce Authority Internet Merchant Legal Status Virtual Store Major Deficiency Introduction Electronic Commerce Bear Liability Business Process Collect Digital Money Information Technology |
| Content Type | Text |
| Resource Type | Article |
