e-Transaction TrustPlatform™ for the Identrus SystemThe Business to Business Opportunity Forecasts for B2B e-Commerce over the next few years are staggering with estimates ranging in excess of $3 trillion by 2005. Businesses everywhere see the opportunity to offer their products and services to an enormous new global market of potential customers. In addition, the potential to dramatically reduce costs and speed both time-to-market and business transactions presents a compelling case for electronic business processes that leverage the ubiquity of the Internet. Cost reduction opportunities range from paper savings and document handling to reduced travel and the costs resulting from human error. Estimates of B2B electronic marketplace savings run as high as $480 Billion by 2003. The Challenge Ahead So with such a compelling business case, why isn’t everyone doing business on the web? The answer. TRUST. How do you know if the person or company at the other end of that Internet connection is really who they say they are? It’s one thing to read their brochures or even to pay $25 for a book. However, if you’re about to purchase $100,000 in computers from an unknown company on a different continent, the rules of the game have to change.
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