[3530] in cryptography@c2.net mail archive
Re: bank consortium to form CA
daemon@ATHENA.MIT.EDU (Ben Laurie)
Thu Oct 22 15:49:55 1998
Date: Thu, 22 Oct 1998 10:11:36 +0100
From: Ben Laurie <ben@algroup.co.uk>
To: Steve Bellovin <smb@research.att.com>
CC: cryptography@c2.net
Steve Bellovin wrote:
>
> According to the Wall Street Journal (online WSJ subscribers can see
> http://interactive.wsj.com/articles/SB908925664656288500.htm), eight
> banks -- Bank of America, Citibank, Chase Manhattan, Bankers Trust,
> ABN Amro Bank NV, Barclay's PLC, Deutsche Bank AG, and Hypo Vereinsbank AG
> -- are forming a certificate authority consortium. According to the
> article, the real thing holding back Internet commerce is the lack
> of identity-based certificates... On a brighter note, these certificates
> are supposed to embedded on smart cards.
Do they have any evidence that anything (other than inertia, development
time and the lack of a micropayment scheme) is holding back Internet
commerce? Are smartcards really a brighter note? Are they really
promoting anything other than their own ability to profit from Internet
transactions?
Cheers,
Ben.
--
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