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Why
do we need e-TS?
To increase
confidence in e-commerce
To protect intellectual properties
To support the existing Public Key Infrastructure
To increase confidence in e-commerce
Accurate time and contents
of transactions are of paramount importance in e-commerce. However,
current buyers and sellers are using the time sources in their own
computers and servers, and the time is not so reliable and can be
easily manipulated and repudiated. Also, the contents of orders,
bills, e-mails or other electronic documents involved in on-line
transactions are susceptible to alteration. These problems lower
people's confidence in on-line business and hinder the acceptance
of e-commerce.
Timestamping on-line
bills and orders can prove that the transactions occur at particular
moments and their contents have not been altered since then. With
e-TS, fraud and repudiation on time will hardly be possible. Customers
and suppliers will then have confidence in buying and selling on
the Internet.

To
protect intellectual properties
In the information era,
proper and effective exchange of information and ideas is crucial
to the advancement of society. The Internet is an excellent medium
for people to share their creative works. Unfortunately, any works
posted on the Internet are prone to plagiarism. Even worse, there
are hardly effective ways to deter people from plagiarizing others'
works, nor to prove ownership of creations in case of disputes.
e-TS can be used to certify
the existence of any creative works, including text, graphic, audio
and video, since a particular point in time. e-TS discourages infringement
of intellectual properties. If a creation is plagiarized, the person
with the earliest timestamp will have strong evidence in claiming
the ownership of copyrights of that creation.

To
support the existing Public Key Infrastructure
In the existing Public
Key infrastructure (PKI), a digital
signature provides who signed the digital document. However,
the signature can still be repudiated if the document does not include
an accurate and reliable signing time.
A timestamp of a digital
signature provides an accurate time from a trustworthy third party
showing when the digital document is signed. In that case, the document
has the property of non-repudiation.

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