... and for market niche of no or little value .... it would be difficult
to justify charging very much for a credential that is only enabling
no/little value operations/transactions. If very little is being charged
for a no/little value credential ... it would be somewhat difficult to fund
an expensive background business process (for representation by the
credential). Typically highly trusted business process cost more than
no-trusted business process. So the correllary is likely to be that
inexpensive, little/no-value credentials for use in little/no-value
transactions are likely to have little (business process) trust.
Looking at it from the reverse viewpoint, transactions of value today are
using online access to the real backroom business process because the
timeliness and quality of the information (including things like up-to-date
aggregated information) subsumes the function of having a stale, offline
representation. The issue can be viewed as a risk cost/benefit
proposition. Timely, only access to the real backroom business processes is
likely to cost more than using an offline, stale paradigm. The risk of
performing a transaction with stale, offline information is higher than
real timely access to online information. The issue is that as online
all-the-time, everywhere becames less expensive and more pervasive, the
niche for stale, offline credential operations becomes smaller. In
otherwards, it becomes easier and easier to justify the cost of an online
oriented paradigm for value operations as online paradigm becomes less
expensive and more pervasive.
[EMAIL PROTECTED] on 12/20/2002 8:42 am wrote:
but it isn't the credential that magically enables all of that.
it is the business process behind what the credential represents that is
the actual enabler; as well as any trust in those background business
processes. That is totally separate from the additional burden represented
by establishing trust in the credentially process itself.
the credendtial just is used to represent the background business process
in an offline environment when there isn't direct access to the real online
business process.
much of the world has been migrating to online, all-the-time, everywhere
for sometime.
The majority of the world today in financial related activities of value
are using online operations that directly link to the background business
processes in real time. Directly connecting to the background business
processes in real time for things of value makes the stale representation
of the credential redundant and superfluous.
Typically a credential can only represent a stale, much restricted subset
of information that is of interest in any transaction involving value. Such
value transactions typically are interested in not only the subset of the
information that might be represented by the (stale) credential but also
timely information that involves things like aggregation and current
status. It is left to operations of no value and either incapable or not
justified use of online environment (with timely and/or aggregated)
information that credentials can find a market niche.
