Economy
The most basic definition of an economy is a system encompassing production, consumption and distribution. It is about every man, and his business of life. Even though this system has been prevalent for centuries together, cryptography’s entry into the field of economics is fairly recent. Electronic commerce has taken the world by storm! Everything is available at the click of a mouse, from pearls to herbs to the latest version of Warcraft! And cryptography helps to make online transactions so much safer. Digital signatures help simulate the properties of hand written signatures and electronic notaries make the notarization process so much simpler and error free. With technologies like these, it’s only natural that business ventures are at an all time high! In this section, we look into electronic notary and electronic commerce and how they are gratified to modern day cryptography.