Digital Signatures and E-Commerce

Paper Summary:

In this article, the writer discusses how the act of business transactions have changed due to the progress in technology. The writer examines the effect of digital signatures on e-commerce, including the need for digital signatures. In this paper, the writer explores how digital signatures work. The paper also discusses the outlook for the future. Further, the writer looks at the importance of identity in cyberspace.

From the Paper:

"For thousands of years transactions between individuals were conducted face-to-face. There was little doubt about who the buyer or seller was and when cash was involved it was not necessary to know for certain who was whom. Indeed even in today's high-technology world, cash transactions still carry the greatest amount of anonymity since the funds are guaranteed. As credit became more and more common, it became necessary to ensure that the persons involved with commercial transactions had the authority to perform those transactions."

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