payment Archives — LIRNEasia

When talking about the preconditions for the success of the Internet, I have talked about the need to develop an an ecosystem, with trust as one element. These issues were also explored in the work on e commerce. The Chinese solution to the problem of trust in virtual transactions is quite interesting. Almost makes one wish we had enough time to monitor Chinese developments in Chinese. The ubiquity of counterfeits points to a serious problem in China today: an absence of good faith.