Wednesday, August 03, 2005

certificate of trust

I am looking at a certificate of trust. If I give this certificate to any bank, they will not question it. It has been signed by a third-party, but they will not check this at all before accepting it and processing my request as a result of the presentation of this certificate.

What type of certificate is this? It's a certificate stating that there's a revocable trust for my estate, establishing my wife and I as trustees.

Although it's a photocopy, the bank will take the risk that the document is authentic until there's fraudulant activity. In that case, the courts will get involved, and ultimately some damages may or may not be rewarded.

We are trying to replicate this model in the digital world. The difference is this: you're not there in-person, with a photo-ID, to identify yourself to the receiving party. Safeguards must be installed for such validation.

One might ask: "Maybe one of the safeguards should be laws which can be invoked through the courts?"

My answer: "Take a look at spammers and phishers ... they're hard to find because the Internet was designed to be inherintly anonymous. Only recently was a case brought before a court. Do you really thing laws will help?"

Identity 2.0 needs to happen, if for nothing else, than to avoid the risk of reliance on the courts to restore peoples identities and thier lives.

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