I'm new to this thread but wanted to be sure that its participants were aware of an emerging and very powerful electronic commerce system being championed by my client, Wave Systems Corp. (OTC BB: WAVX)
While Wave has yet to propel itself into the mainstream consumer market, it is making significant headway in this regard. Wave has strong relationships with a broad array of entertainment and educational software makers as well as with personal computer makers or PC OEMS.
Wave has taken a novel approach to electronic commerce by creating a turnkey system that addresses security for the content being sold, transaction processing for the content being bought, management of the user's account and $ credit balance, as well as supporting exciting new transaction models including software rental, pay per use, rent-to-own and straight purchase transactions.
Wave's approach is novel in that it is a "distributed system" based on a local hardware meter. By distributed, I mean that the actual transactions take place in the end-user's computer within the WaveMeter. YOU DON'T HAVE TO BE ON-LINE TO MAKE A PURCHASE!, making for far greater flexibility and cost efficiency for transaction processing. The WaveMeter decrypts electronic content and then measures your consumption of the content. When your meter runs out of $$, merely go online for a brief moment to download more $$ credit and upload your consolidated transaction information since last connected with the WaveNet back office.
Of equal importance, WAVE IS NOT BETTING ON ANY ONE DISTRIBUTION STANDARD, but is designed to work with all forms of digital information distribution: CD-ROM, Internet, DVD, cable modem, ADSL, satellite, data broadcast, whatever else comes along.
Of note, the revolutionary concept of distributed metering of usage (that Wave has been preaching for 10 years) was publicly supported last week with Sprint's announcement of a system, in which it has invested $2 billion (compared to Wave's circa $50 million), that will utilize a $200 per unit local/distributed meter (compared to Wave's sub $4 per unit I/O implementation) to measure digital information transported over their network. A pay for what you send/consume approach to telecommunications. Now Wave has some good company in pursuing this novel approach to electronic commerce for digital content.
Anyway www.wave.com/company has even more to tell you about the Company and its growing base of support.
Thanks for your interest. |
