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Online Commerce Begs For Web-Relevant Commerce Instrumentation
By Scott Moskowitz, CEO, Blue Spike, Inc.
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The Internet
Age is supposed to be the age of new business models but a lot of
the concepts don't really offer a great deal that is absolutely novel.
Subscription schemes, online jukeboxes, live performances carried
on streaming media all are analogues of models that have been proven
in physical space markets. To make them work online will require electronic
analogues of all the commerce instrumentation that is used by physical
space retailers to package, distribute, mediate and pay for these
consumables.
What are those instruments? They are the unexciting but nonetheless
indispensable building blocks of the new infrastructure: e-labels,
e-tags, e-money, e-receipts and e-boxes that will animate, and automate,
the retailing and auditing functions on the Web will make online commerce
infinitely flexible and in most every way more secure than offline
commerce. For the automated models of online commerce to be fully
realized, vendors will have to find ways to durably embed or attach
all of the labels, tags, receipts, subscription data, premiums and
the transactional data that vendors and consumers create and share
offline.
Digital watermarking is ideally suited to provide much of the infrastructure
upon which this instrumentation will be based. Of all the technologies
that can be called into play to drive commerce on the Web, digital
watermarking has the unique capacity to animate business models and
serve the interests of consumers while protecting the rights of copyright
holders. It is, for the consumer, the least burdensome and troublesome
technology to provide these key commerce mechanisms, placing all the
moving parts out of their hands, working invisibly and with the lowest
computational demands.
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