[14995] in cryptography@c2.net mail archive
Re: Difference between TCPA-Hardware and other forms of trust
daemon@ATHENA.MIT.EDU (Ian Grigg)
Mon Dec 22 18:31:54 2003
X-Original-To: cryptography@metzdowd.com
X-Original-To: cryptography@metzdowd.com
Date: Sat, 20 Dec 2003 13:34:37 -0500
From: Ian Grigg <iang@systemics.com>
Reply-To: iang@systemics.com
To: Bill Frantz <frantz@pwpconsult.com>
Cc: cryptography@metzdowd.com
Bill Frantz wrote:
> [I always considered the biggest contribution from Mondex was the idea of
> deposit-only purses, which might reduce the incentive to rob late-night
> business.]
This was more than just a side effect, it was also
the genesis of the earliest successes with smart
card money.
The first smart card money system in the Netherlands
was a service-station system for selling fuel to
truck drivers. As security costs kept on rising,
due to constant hold-ups, the smart card system
was put in to create stations that had no money
on hand, so no need for guards or even tellers.
This absence of night time staff created a great
cost saving, and the programme was a big success.
Unfortunately, the early lessons were lost as time
went on, and attention switched from single-purpose
to multi-purpose applications.
iang
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