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Aug 31,
2000 |
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"The
problem with the new economy is that there’s too much new and not
enough economy."
-
Rich Masterson, Chief Executive Officer of First Avenue Ventures
Inc. |
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WAP is a wireless access protocol which allows cellphone access to Web
content. It is a standard for providing cellular phones, pagers and other
handheld devices with secure access to e-mail and text-based Web pages. WAP also
supports handheld input methods such as a keypad and voice recognition.
Independent of the air interface, WAP runs over all the major wireless networks
in place now and (presumably) in the future. It is also device independent,
requiring only a minimum functionality in the unit so that it can be used with a
myriad of phones and handheld devices. See WAP
Forum.
CyberSister's Comment
Our theme in the last few newsletters has been internet access devices other than the PC and wireless. While practically every major telecommunications company worldwide is using WAP as the de facto standard to transmit data on cellphones, there is a bit of a debate ranging between WAP and I-mode, a wireless protocol in widespread use in Japan. Many say that Japan's i-mode offers more affordable access rates, more robust content, and higher connection speed. Read http://www.wired.com/news/technology/0,1282,38333,00.html for more information.
What does this mean to us business people? A recent market study by Datamonitor suggests that the US will develop and sell a multi-billion dollar sum of mobile commerce services over the next five years. (see http://www.wired.com/news/technology/0,1282,38317,00.html for details) Consumers are interested in accessing web data via their wireless devices, yet there are only about 24,000 WAP-accessible websites in the world (i.e. readable by a cell phone or wireless device). So, if you want your web site to be on the forefront, and to be accessed by cell phone users, why not create a section that is WAP-accessible. and get there ahead of your competion?
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Bank-issued smart
cards in the United States for mobile/e-commerce applications are a step closer
to reality thanks to an initiative by MasterCard International, Purchase, N.Y.
The bank card issuer has gathered a coalition of smart
card developers, terminal vendors, and security providers to develop
standard interoperable solutions for digital ID-based smart cards.
The group will create standard procedures for issuing, revoking, and
establishing digital user IDs. Its aim is to migrate MasterCard International's
22,000 member banks to digital ID-based smart cards that incorporate identifying
codes, personal identification numbers, or biometrics
data to authenticate and identify card users Source: Techweb
We've been keen on smart card technology ever since we first introduced it to our readers about a year ago (Aug 13/99 issue). The adaptation of biometric technology (biological identification of a person, which includes eyes, voice, handprints, fingerprints) into smart cards may be the right thing at the right time. I think the slower-than-predicted use of smart card technology is partially due to security concerns. With embedded biometric data, smart cards can provide more security than magnetic stripe cards for e-commerce transactions. Perhaps that's what the banks were waiting for. Look for oportunities and growth in this industry.
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At the risk of repeating myself: wireless Internet is the next huge thing. Analysts predict a multi-billion dollar industry serving hundreds of millions of consumers. As with the rise of the wired web, it won't be boring! Watch for your handheld devices and cell phones to become more personalized, colourful and customized to a variety of tastes. Palm Pilot is releasing a special "Claudia Schiffer" device. Yes, I kid you not, check it out at http://www.claudiaschiffer.com. Not only will they by customized, they will be multimedia ready, and able to play music, videos and show colour pictures: Qualcomm just introduced a multi-media chipset.
Oh, and get ready
to flip up your jacket collar and talk on your phone, or open up your coat and
access your stock information. Wearable, wireless, internet accessible clothing
is here, and has been adapted by your ultimate mainstream clothing company, Levi
Strauss. Check out their recent press release.
You read it first in the Ripple Effect Newsletter! (Aug 30/99 and Nov 8/99)
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Web Economy Bullshit Generator
The Cybersisters like to have fun in the Ripple Effect newsletter! Looking for some impressive phrases to spice up your e-commerce business plan? Try "engage vertical metrics" or "expedite seamless paradigms" generously provided by the web economy bullshit generator. :)
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The future of high-speed Internet access, according to startup technology company TeraBeam Networks in Seattle, is free space laser technology to beam information through the air. Unlike the buried fiber-optic cables that telecom providers use, TeraBeam uses lasers to bounce encrypted signals between about a dozen hubs in a city. The signals are then sent to the transmitter/receiver units stationed in the window of a user's office. Free space optical lasers use invisible beams of light to deliver voice, video, Internet, and data traffic at high speeds. During TeraBeam's recent trial, it delivered 6 separate video files and a large database file at rates that reached nearly 1 Gbit per second. That's equivalent to roughly 690 T-1 lines.
Source: Techweb
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