© Grimm GMD1

Electronic Commerce

Uwe MusterHamburg

TNC ‘98Terena Networking Conference

Dresden, 5 October 1998

Dr. Rüdiger GrimmInstitut für Telekooperationstechnik

GMD Darmstadt

© Grimm GMD2

From Fun to the Real Stuff

1980-1990: connectivity

© Grimm GMD3

From Fun to the Real Stuff

1980-1990: connectivity

1990-2000: multimedia

© Grimm GMD4

From Fun to the Real Stuff

1980-1990: connectivity

1990-2000: multimedia

2000............: really private,

really serious

© Grimm GMD5

The Network Contains Value

Commercial value: KNOWLEDGE,SERVICES,OBLIGATIONS

© Grimm GMD6

The Network Contains Value

Commercial value: KNOWLEDGE,SERVICES,OBLIGATIONS

Private value: SELF-DETERMINATION,

FREEDOM

© Grimm GMD7

The Network Contains Value

Commercial value: KNOWLEDGE,SERVICES,OBLIGATIONS

Private value: SELF-DETERMINATION,FREEDOM

Social value: COOPERATION

© Grimm GMD8

Marketplace

open

spontaneous

© Grimm GMD9

Marketplace

open

spontaneous

binding

© Grimm GMD10

Electronic Marketplace ...

local

© Grimm GMD11

Electronic Marketplace ...

local global

© Grimm GMD12

... Electronic Marketplace

material:substance, atoms

© Grimm GMD13

... Electronic Marketplace

material: immaterial:substance, atoms knowledge, bits

© Grimm GMD14

Electronic Commerce Technology

EmailWorld-Wide Web

© Grimm GMD15

Electronic Commerce Technology

Vertrag zwischender Hochbau AGund der Tiefbau AGzum gemeinsamen Ausbaueines unterkellertenHochahusesin der Frankfurter Innenstadt

EmailWorld-Wide Web

Digital Signature

© Grimm GMD16

Electronic Commerce Technology

Vertrag zwischender Hochbau AGund der Tiefbau AGzum gemeinsamen Ausbaueines unterkellertenHochahusesin der Frankfurter Innenstadt

EmailWorld-Wide Web

Digital Signature

ElectronicPaymentSystems

© Grimm GMD17

Electronic Commerce Technology

Vertrag zwischender Hochbau AGund der Tiefbau AGzum gemeinsamen Ausbaueines unterkellertenHochahusesin der Frankfurter Innenstadt

EmailWorld-Wide Web

Digital Signature

ElectronicPaymentSystems

SmartcardApplications

© Grimm GMD18

Exchange Value

How does value (money) look like on the net?

Value: goods, services, knowledge, obligations , ... ...money...

Risk distribution?buyers, sellers, credit card orgs, banks, traders,catalogue providers, network providers, notaries, ....

Fair exchange: “money or good first?“

© Grimm GMD19

(Digital) Money Appearing as ...

...bank‘s obligation (cash):bank signs

... buyer‘s obligation (cheque):buyer signs, bank clears

... third party‘s obligation (draft, letter of credit):issuer signs , bank clears

... credit (credit card):buyer signs, credit org authorizes , bank clears

© Grimm GMD20

Card Money at Point of Sale

© Grimm GMD21

Electronic Payment Methods

Smartcard-basedMondex, GeldKarte, ...

InternetCyberCash, Ecash, SET

MicropaymentMillicent (Digital), Minipay (IBM)

HomebankingOFX (Microsoft +), Gold (IBM + banks), HBCI (De)

BillingTOB (T-Online), ...

© Grimm GMD22

Business Context Initiatives

SEMPER (ACTS) Marketplace ArchitectureE2S, Mulitplecx (Esprit) B2B Complex Business

SuperSET (IBM)

OBI Open Buying on the Internet (huge...)

OTP Open Trading ProtocolAT&T, HP, Mastercard, Mondex, OpenMarket, BT, Cybercash, Digicash, IBM, Oracle, Sun, WellsFargo, Verifone (incl. JEPI)

JEPI (W3C) Joint Electronic Payment Initiative

© Grimm GMD23

Outlook

Interworking Tele Infrastructures: Money, Security, Context

Integrated Business Contexts („BOPDD“)

More Customer Friendliness Smartcards for Security and Applications

Autonomy of Business Partners Electronic Signature Regulations Free Encryption

© Grimm GMD24

Outlook

Interworking Tele Infrastructures: Money, Security, Context

Integrated Business Contexts („BOPDD“)

More Customer Friendliness Smartcards for Security and Applications

Autonomy of Business Partners Electronic Signature Regulations Free Encryption

1998, 1999, 2000 ... Real Applications, Real Value