Wednesday, July 2, 2014

What is a Commerce ID™?

A Commerce ID™ uniquely identifies an individual or entity for the purposes of conducting commerce or monetary transactions.

The Commerce ID™ can be used once for a single transaction or re-used in multiple transactions.  It can be publicly associated with identifying information or kept private.

It allows accountability with total privacy, even if the record of transactions is public (eg. a P2P/peer-to-peer database).


An example of a Commerce ID™ would be a GUID (Globally Unique Identifier) that would be generated by the individual or entity.  That ID might be associated with a name or email or other identifying information.

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