To: Jake Cook
From: Liying Wu
Date: 2/1/2005
Re: Article Review 1
Source Citation:
Adam, N. R., Dogramaci, O., Gangopadhyay, A., & Yesha, Y. (1999). Electronic
commerce: Technical, business, and legal issue (pp.25-38). NJ: Prentice
Hall PTR.
Summary:
This book contains a comprehensive discussion of current research and future challenges of electronic commerce. It also discusses the interactions among the technical, business, and legal aspects of electronic commerce. The chapter on digital currency is the most relevant to our research. The authors explain four unique characteristics of digital currencies and discuss the differences between a digital currency system and other forms of electronic payment systems such as the Mondex smart card payment system and e-cash system. At the end of the chapter, the authors use a case study of CyberCash to illustrate the three main software components that facilitate the CyberCash electronic payment system.
Research Questions:
1. What is digital money?
2. What are the difference between digital currency system and other electronic payment systems?
Outline Ideas:
1. Four unique characteristics of digital currencies
2. Basic differences between stored-value cards and digital money systems
3. Issues and challenges of digital currency system
Direct Quotes &
Paraphrases:
1. “The commercialization and privatization of the Internet and its successive increase in popularity a few years ago are the foundations that began to propel the growth in e-commerce.” (Adam, Dogramaci, Gangopadhyay, & Yesha, 1999, p. 2)
2. “Electronic money is an electronic payment method that emulates the real-life exchange of goods and services for their equivalent currencies.” (Adam, Dogramaci, Gangopadhyay, & Yesha, 1999, p. 11)