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securely distributing microtransactions in digital content
sites.netscape.net
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Wave Systems Corporation (WAVX) has a patented system for E-commerce called EMBASSY. It is a key enabling technology for the "trusted client" paradigm exemplified by the Trusted Computing Platform Alliance (TCPA). This programmable, end-to-end approach to secure e.commerce ensures security, privacy, and trust at the edge of the network -- where the user or consumer is. It spans the range of all things digital. Exemplars of its implementation include WaveXpress (the Wave-Sarnoff-Fantastic adaptation of digital television broadcasting as a fat pipe for digital datacasting), and MyPublish (the micropublishing engine of community commerce on the web).
Interested in a demonstration?
The EMBASSY E-commerce system-in-a-system enables virtually any platform to serve as a "trusted client." Third-party applets can be licensed to run securely within the EMBASSY. One such applet will turn the EMBASSY into a WaveMeter. This metering applet combines encryption, value-storage, and record-control capabilities to provide a comprehensive solution for the secure distribution of digital content to users at their personal computers, set-top boxes, or other devices. It can effect microtransactions at the point of consumption. Amounts can be computed down to a fraction of a penny. Content can be distributed by wire, over the air, or on physical media. Users need not be online or tethered to a network. When users find content that interests them, they can try, rent, rent-to-own, or buy.
Interested in a demonstration?
The central principle of Wave's solution for secure e.commerce in all things digital -- regardless of delivery mechanism -- is transactional control at the point of consumption. The "meter" operates on the client side of a network, whether that network is the packet-switched internet, or a broadcast system, or the post office delivering DVDs. The client side scales itself. Flexible usage models and payment schemes work on the client side. Superdistribution of self-merchandising objects is possible. Untethered use is possible. No constant pinging of farms of servers. No big, juicy, central transactional node to hack. Distributing security and transactional control on the client side spreads (and thereby reduces) the risk of fraud. A hardware solution on the client side forces a hacker to destroy a system to break into it. A gargantuan effort -- and physical burglary -- would be required to compromise just a single account. Sellers can broadly propagate their content, secure in the knowledge that those who choose to decrypt it will pay to do so, securely, at the point of consumption.
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