I would not consider CyberCash a competing technology.
Unlike electronic payment solutions (e.g., CyberCash), Wave's system based on the Wavemeter stands alone as a chip-based, media-independent solution for secure microtransactions in electronic content.
This particular niche is not flooded with competitors. In saying this I emphasize the distinction between e.commerce in digital content and e.commerce in material goods.
Wave is not in competition with solutions for e.commerce in material goods. The e.commerce that enables online purchases of shirts from L.L. Bean is no threat to Wave. That solution is merely a mode of electronic payment; the goods are delivered by UPS (or whomever). In fact, even Wave uses CyberCash to process its credit card transactions.
The Wave System enables the purchase of bits and bytes delivered over the air, on physical media, or by wire. It combines encryption and record-control capabilities to provide a comprehensive solution for the secure distribution of intellectual property to a consumer at a personal computer, set-top box, or other terminal. It enables microtransactions in digital content -- again, over the air, on pysical media, or by wire -- even when untethered to the web.
I believe the Wavemeter stands alone as a chip-based, media-independent solution for secure microtransactions in electronic content. |
