The Core Of E-commerce - E-finance

With the development of the global internet a new form of business has come into being, that is e-business. E-business helps businesses through online efficient information flow with low cost and therefore promotes a new way of trade in material movements. Main types in e-business include B to B, B to C and B to G. E-business is quite expected to become a new point in the economic growth.Financial industry is among the first industries to perform the electronic project and now the comprehensive and systematical banking businesses have already built up, which work efficiently. As its electronic web develops, some new products in the financial market have been porduced in the businesses of commercial banks. Whether e-business can be finally realized is based on its electronic payment system and the wide use of its corresponding instruments. As a result, the financial computerization becomes the center of e-business. In recent years some electronic payment instruments have put into use, such as electronic purse, electronic pocketbook and electronic check, etc. and at the same time it becomes the new source to produce new products, to develop new financial businesses and to provide financial information services and that is the inevitable trend of the banking development as well. Under the open circumstances of the internet, the financial electronic web now to some degree has shifted into one relating to the internet so the risk of financial electronic system becomes the decisive factor to constrain its development. The risk may either come from the internal system or from the external factors. It can be caused by the system or be formed by men. Therefore, It is a comprehensive and complicated systematic project to prevent and remove the risk.Theoretically, the prevention and remove of the financial electronic risk is to provide security and secrecy of the web electronic payment system. At present time, the problem of security in e-business is mainly about information leakage, illegal distortion, identity confirmation and so on. The main security technologies include the virtual private net, the encoding technology, the certification technology and the firewall technology etc.The virtual private net is to be used as the special web to trade in the internet. Its purpose is to apply Electronic Data Interchange between enterprises. Various encodings are used to keep information in encoding calculation. The codes have been widely adopted in data communications and here are some basic concepts as Secret-Key Cryptography, Public-Key Cryptography, Digital Envelope etc.Another aspect in the problem facing e-commerce is the legality of the identities of every part participating in it. Making sure about the identity legality is confirmation. In e-business it is the way to confirm every party's identity through an 44authoritative organization as a third party. This organization is regarded as the confirmation organization. The organization issues certificates to those who are regarded as legal and is responsible for the management of the certificates.All in all, only after the establishment of the secure, confidential, convenient and fast electronic payment system, can the online electronic e-business develop rapidly and this is the first problem to be solved in the financial computerization.