- From: Manu Sporny <msporny@digitalbazaar.com>
- Date: Thu, 16 May 2013 12:23:39 -0400
- To: Web Payments CG <public-webpayments@w3.org>
Shifting discussion to public-webpayments +bcc: RDF WG, JSON-LD CG On 05/16/2013 10:24 AM, Melvin Carvalho wrote: > Manu, I'm curious as to the implications of one of these semantic > emails signed with either payswarm or S/MIME ... could they be > legally binding contracts? In general, any electronic document signed with a digital signature can be used as a legally binding contract as long as several basic requirements are met. At a minimum, the document has to be a legally valid contract, you have to prove intent to enter into a contract by both parties, and the digital signature must be strongly associated with a real-world identity. Any PaySwarm authority operating in a country with a fairly modern legal framework will have to gather Know Your Customer data. These organizations can vouch for their customers (or be compelled via court order to provide identifying information about a particular customer under investigation). We're thinking about extending the security vocabulary (used in PaySwarm) to make these sorts of claims about your customer more easily discoverable. Things such as: credit card verified, bank account verified, email verified, phone verified, etc. S/MIME wouldn't work unless it has this same sort of identity prove-ability. Web Keys will hopefully have this sort of identity prove-ability baked into the vocabulary/standard. -- manu -- Manu Sporny (skype: msporny, twitter: manusporny, G+: +Manu Sporny) Founder/CEO - Digital Bazaar, Inc. blog: Meritora - Web payments commercial launch http://blog.meritora.com/launch/
Received on Thursday, 16 May 2013 16:24:05 UTC