Systems, methods and devices for trusted transactions
The invention discloses a system for enhancing trust in transactions, most particularly in remote transactions between a plurality of transactional parties, for instance a seller and buyer(s) of goods and/or services over a public computer network such as the internet. Trust is disclosed to be a multivalent commodity, in that the trust that is to be enhanced relates to information about the subject matter of the transactions (e.g., the suitability of the goods and services sold), the bona fides of the supplier of the goods and services, the appropriateness of a pricing structure for a particular transaction or series of transactions, a quantum of additional transactional value that may be imparted to the transactional relationship, security of information exchange.
1. A transaction device, comprising:
a central processing unit (CPU) for processing data;
a power supply for powering said transaction device;
a transmitter for transmitting data;
a receiver for receiving data;
a converter consisting of one of (1) a transducer for transducing physical information to an analog information and an A/D converter for converting said analog information to digital format and (2) a transducer for transducing physical information to digital format;
a memory for storing data in non-transitory form;
wherein said memory stores, in non-transitory form, data related to identity of a device holder, and at least one steganographic or cryptographic key;
a number generator for generating numbers;
a cipher; and
wherein said transaction device is designed to respond to an action of said device holder of said device, by using said converter to convert physical information of said device holder to digital information of said device holder;
wherein said cipher is designed to use data comprising said key and said data related to identity of said device holder to generate ciphered output data;
wherein said cipher is designed to establish a hierarchical set of one time signatures; and
wherein said transmitter is designed to transmit said ciphered output data and one of said hierarchical set of one time signatures.
2. The device of claim 1 , wherein said number generator comprises one of (1) a pseudo random number generator and (2) a random number generator.
3. The device of claim 1 , wherein said data related to identity of said device holder is stored securely in said memory.
4. The device of claim 1 , wherein said data related to identity of said device holder is stored in memory in encrypted, signed, hashed, scrambled, or ciphered form.
5. The device of claim 1 , wherein said memory stores a cryptographic key transmitted to said device.
6. The device of claim 1 , wherein said device is designed to provide dynamic authentication by serializing ciphering.
7. The device of claim 1 , wherein said device is designed to execute a rule or function based upon said output data.
8. The device of claim 1 wherein said key is a private key of a public-private key pair.