SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Novell (NOVL) dirt cheap, good buy?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ToySoldier who wrote (25132)1/25/1999 11:28:00 AM
From: Paul Fiondella  Read Replies (3) of 42771
 
Toy please reread 25102 my first post on Digital Me

The value of an NDS based system is in centralizing the verification process for ecommerce billing purposes in one vault. That is the application area I am concerned with (internet commercial transactions).

Control over the tree of confidential information in this vault is between the owner of the vault (Novell acting in a fiduciary capacity authorized by me and Mastercard Visa etc.) and the customer (me). No one gets this confidential information anymore as a byproduct of ecommerce. They just get paid.

The virtue of this system is that you do not have to disclose your personal information anymore to partake in ecommerce, and for the vendor, you have confidence the customer is who he says he is and you get paid.

===================

When you get a safety deposit box at a bank, you get a key and the bank gets a key --- and both keys are necessary to open the box. The contents of the box are the property of the customer not the bank. When I buy something I do not turn over my saftey deposit key (or for that matter my wallet) to Walmart!!! On the internet we do that every time we engage in ecommerce.

If multiple vaults emerge then the security provided by this system gets ruined. That is why Novell should be knocking on Visa/Mastercard AMEX's door. Ever heard of getting there first and establishing a commercial standard.



Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News