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To: Enam Luf who wrote (580)	8/12/1998 9:16:00 PM
From: Enam Luf	Read Replies (1) \| Respond to of 690

More on encryption and electronic commerce: ..i really should be doing work, but this is infinitely more fun :) IMO, SET, developed by Visa and Mastercard, will eventually emerge as the standard for large scale eCommerce. Everybody says SET is dead, and in the meantime, SSL is doing a fine job, but when the stakes in ecommerce get high enough, SET will become a necessity for security reasons. There is a good article in this week's InfoWorld about why SET hasn't taken off yet and it is worth reading. Unfortunately, I can't find the link right now... Hype always preceeds fact in the tech industry, usually with a period of disillusionment in between. Take Java, for example, first it was god's gift to networking, then an also ran technology that would be gobbled up by MSFT, and now, it is gaining credibility again and is being adopted on a wide scale at the enterprise level. I think SET is in the disillusionment stage right now. Things are moving ahead slowly, but with the backing of Visa, Mastercard, and the financial institutions (which carry most of the risk of fraud in large scale ecommerce), it will begin to pick up momentum over the next year or two. The performance aspects are being addressed by technology like Certicom's ECC (elliptical curve cryptography) and RNBO's high speed encryption hardware, and pilots are currently under way to test the systems viability. --I just completely forgot where i was going with this whole thing.... dammit.... i had a point to make.... i swear...... oh well.... i guess that's it.... back to work.... enam PS - I know that as soon I hit the submit button, i'm gonna remember.... ughhh!!!