Zeev Hed--Good for you! I want you to "remain deep in the green". So be careful with WAVE. The major gorillas are cooperating more than you might suspect to finally launch Trusted Web Services in a very major way. And WAVE is part of that cooperating, and very combustible mix. WAVE's role will surprise you.
If I were you, I'd start my WAVE DD from the very beginnings. Doing so, will give you a few solid clues as to why WAVE stands alone, and way, way ahead, of any potential competition, in the Trusted Computing arena. Here's one clue that helps explains WHY: WAVE was given a head start, with a little help from HP. Trusted Computing as we know it today, begins here.
HP AND WAVE SYSTEMS TO BRING TRUST AND SECURITY TO THE PC
Open Platform Enables Secure Applications and E-commerce Transactions
PALO ALTO and SAN JOSE, CA, Oct. 27, 1998 -- Hewlett-Packard Company and Wave Systems Corp. today announced a technology creating a "trusted client" system, one that provides an inexpensive, standards-based platform for running secure applications and protecting important data and digital identities in individual PCs.
Endowing the PC with trust and security provides customers with a client-based solution for e-commerce and Internet security, and elevates the personal computer to an important new role in the evolving digital economy.
The trusted-client system, jointly developed by HP and Wave Systems during the past six months, will be the basis for a new generation of e-commerce, and security applications and services. It is based on Wave Systems’ secure e-commerce architecture and HP’s VerSecure security management framework. The trusted-client system is an open, programmable hardware- and software-based device that creates a fully exportable, secure and trusted environment within the PC.
The first implementation of the trusted-client technology (see separate announcement issued by Wave Systems) is the EMBASSY E-Commerce System. This implementation of the trusted-client system will be included on motherboard chip sets from leading PC component suppliers SMSC and ITE.
"As an established leader in PC manageability, HP plans to enhance its HP Vectra PC line even further by developing powerful, flexible security solutions for corporate customers," said Jean-Luc Meyer, marketing manager for HP’s Commercial Computing Division. "The new, trusted-client technology offers an exciting opportunity to make simplified, secure corporate computing a reality."
NEC Computer Systems Division (CSD), a leading manufacturer of computer products and solutions, has selected the EMBASSY E-Commerce System to provide the trusted-client capability for inclusion in select 1999 models. Other PC manufacturers also are expected to integrate trusted-client technology into their product lines during the next year.
Delivering an Inexpensive Security Solution with a Trusted-client System
Secure electronic transactions typically are performed on centralized servers requiring multiple layers of firewalls, network encryption or remote authentication of the user’s identity before being processed. The trusted-client system, embedded in PC hardware, provides an inexpensive solution with strong encryption that is more secure and less complex than current software-based approaches. The user can then perform independent transactions, store personal and sensitive information, and execute applications in a secure environment. Trusted-client systems can be embedded in peripherals, set-top boxes, modems, personal digital assistants (PDAs) and other client devices.
A trusted client requires hardware that creates a "system within a system," complete with separate processor, memory, real-time clock and unique ID. Integrating this hardware with VerSecure security management and the EMBASSY architecture provides the breakthrough to enable a broad range of new secure electronic-commerce applications, including services delivery, network authentication, transactional security and metering of digital content.
Users worldwide can benefit from the new technology, particularly those in the consumer, government, defense, commerce and financial-services industries, where trust and security are required.
Just as the original PC revolutionized computing, the trusted-client system will be the basis for a new generation of user-based e-commerce and security applications and services.
Additional information and a white paper on the trusted-client system are available at www.wave.com/EMBASSY and at www.hp.com/go/versecure.
About Wave Systems Corp. Founded in 1988, the mission of Wave Systems Corporation is to create the world’s best technologies to secure and sell digital information. Wave’s core EMBASSY technology is an inexpensive, proprietary hardware and software-based device that enables secure transaction processing and distributed information metering in users’ PCs. Embedded in PC hardware and peripherals, set top boxes and other devices, EMBASSY is the foundation for client-based security applications and a new distribution and purchasing model for content and services. This low-cost, secure "system within a system" will enable the personal computer to assume an important new role in the evolving digital economy. By moving secure transactions to the desktop, Wave provides intrinsic value to the electronic commerce process, benefiting PC users, application developers, and hardware manufacturers. For more information, please visit Wave’s corporate web site at http://www.wave.com.
About HP HP Company is a leading global provider of computing, Internet and Intranet solutions, services, communication products and measurable solutions, all of which are recognized for excellence in quality and support. HP has 127,200 employees and had revenue of $42.9 billion in its 199 fiscal year. Information about HP and its products can be found on the World Wide Web at http://www.hp.com.
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NOTE TO EDITORS: In separate announcements made today, Wave Systems introduced the EMBASSY E-Commerce System, which is built on the trusted-client technology from HP and Wave Systems, and HP announced the licensing of the VerSecure encryption-management framework to Wave Systems as part of this trusted-client system."
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