Biometric Encryption and Electronic Commerce

    Most of the firms who manufacture biometric encryption devices see the Internet as the "Holy Grail" for widespread acceptance of their devices.  As described earlier, two-way public systems are the safest for use over open networks.  Therefore, individuals would need to be able to combine their biometric identifiers to code a common encryption key to perform electronic commerce over the Internet domain.  A firm would be able to code information that would only allow its intended recipient(s) to receive the information.  Organizations would be able to perform paper intensive transactions such as billing and payments over an open network without the concern of easy access to sensitive banking information such as account numbers and access numbers.  Companies would benefit from these types of secure transactions because it would speed up the amount of time required to obtain payments from their customers while at the same time avoiding bank charges for processing of paper transactions such as checks.

    Companies could manage their entire supply chain in a secure environment using biometric encryption technology.  Electronic data interchange (EDI) would be easier to facilitate without the need for dedicated networks to deter outside agents from obtaining a company's sensitive information.  Orders could be placed with vendors without allowing outside parties to know quantities and prices, and corporate officers could communicate with one another about sensitive company policies using e-mail on open networks.

    It is not a matter of "if" biometric technology will come into play in electronic commerce in the future, but more a matter of "when" it will come into play.  As technology continues to grow, the need for this particular technology will grow at an equal pace.  Corporations, governments, and individuals all see the potential of biometric encryption to further electronic commerce in future.
 


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