The digital certificate is a virtual identity that allows to identify, in a safe and unambiguous way, the author of a message or transaction made in electronic media. Not everyone knows, behind this technology that makes many processes more agile, secure and cheap, is encryption.
What is encryption?
Cryptography (from the Greek kryptós, “hidden”, and gráphein, “written”) is a systematic way of hiding information by making text or a message incomprehensible. In the digital certificate, this encoding is performed by a computer program that performs a set of mathematical operations, inserting a secret key in the message.
How does the digital certificate use encryption?
Using a digital certificate, the issuer sends a ciphertext that will have to be reprocessed by the receiver to be transformed into readable text again. This reprocessing occurs only if the receiver has the correct key to decrypt the message. That is, in practice, digital signature, through encryption, guarantees the integrity and proof of authorship of the document.
What is the main benefit of digital signature?
Everyone wants to gain more efficiency, do remote communication, reduce costs. The counterpart is that vulnerabilities arise that require the identification of customers and employees. The secure and legally valid identification provided by digital certification protects personal data and encourages digital transformation in the most different sectors of the economy, contributing to transparency, efficiency and less bureaucracy.
In what sectors is digital certification most used today?
Digital certification is already widely adopted by applications from the public sector and also from the judiciary, yielding enormous advances to them. The benefits of digital transformation, with legal support, are already being identified by other important sectors of the economy, including the Health, Financial and Services sectors.
What are tokens and smart cards?
They are such portable devices that function as storage media. Users’ keys are stored on their chips. Access to this information is done through a personal password, determined by the holder. The smart card is like a magnetic card and depends on a reader device to function. The token is like a USB stick that can be inserted directly into the computer’s USB port.
When it comes to digital currencies, unfortunately not everyone in the world has access to digital certification or cryptocurrency. They need an intermediary, who is easy to reach, even if they don’t have an Internet connection. Many business projects are attracting investors online and some of them require cryptocurrency in relation to digital certification. It takes some sort of advanced financial mechanism that can bridge providers of digital projects with potential investors from all over the world. GenesisONE is needed in this case.
GenesisONE is more than just a cryptocurrency. It is more accurately referred to as a financial mechanism which facilitates various kinds of projects such as global lotteries, virtual casinos, sports betting and many other projects such as forex, stocks etc. GenesisONE is designed as a fundraising medium that can reach more people. With this mechanism, a person in India can play well-known lotteries such as MegaBall, PowerBall or Euromillions.
GenesisONE also provides a coin which is worth $ 1 USD. This value is maintained and GenesisONE guarantees its stability so that in a few years what is expected to happen, this coin can become a medium of exchange that makes it easier for anyone to make any digital transactions including those involving traditional commodities.
Tokens provided by GenesisONE are the modern answer to traditional situations. The company is also working with conventional money exchange offices to integrate digital certification with the real needs of investors around the world.