Or put in another way .... A credential issued through a global trust-network of banks
A credential allowing organizations to safely open their intranets to the Internet A credential eliminating the ocean of passwords that plague users and help-desks A credential that when revoked disables all access A credential that when reissued restores all access A credential that is conveniently carried in a mobile phone A credential that allows you to pay, bank, identify, B2B, e-Gov etc. ... could maybe be worth some $25-$50 / Year Anders ----- Original Message ----- From: <[EMAIL PROTECTED]> To: "Ed Gerck" <[EMAIL PROTECTED]> Cc: "Robert E. Frank" <[EMAIL PROTECTED]>; <[EMAIL PROTECTED]>; "internet-payments" <[EMAIL PROTECTED]> Sent: Friday, December 20, 2002 15:43 Subject: Re: Invisible Ink, E-signatures slow to broadly catch on Forwarded from something I ran across somewhere else .... Lets hypothesis an industry with a business model that every year they would sell a shiny new $100 credential to every person in the world ... and are finding out that nobody is buying the credential. Lets say that they go to business organizations and enlist them in getting laws passed based on credentials being equivalent to human signatures with the characteristics of non-repudiation (and furthermore, everybody has to get one). >From the consumer's standpoint, non-repudiation means that in a dispute the legal burden of proof is shifted from the merchant to the consumer. Furthermore, the only thing that is necessary to achieve this, is to define a new bit in the credential (and the new laws). >From the business standpoint ... the credential isn't costing them any money ... the consumer is paying for it ... and it has the advantage of shifting the burden of proof away from the business to the consumer. Some of the draft laws even refer to how all consumers are extremely eager to participate in such wonderful new technology (they just can't wait to get their shiny new credential every year and how shiny new credentials make them feel so good and safe). It is like they don't even have to perform a digital signature ... they just wave their shiny credential over the bits and everything is just magically blessed with non-repudiation and the burden of proof shifted to themselves and how such actions just bring such uncontrollable joy to their hearts.
