“Motorola Corp., L. M. Ericsson Telephone Co. and Nokia Corp.
today announced a joint project to create an open industry
framework for secure, mobile electronic transactions.”
“The companies announced the Mobile Electronics Transactions
(MET) technology in London today. The companies said that MET,
based on existing and emerging global technologies, will be to
commerce security what the Wireless Application Protocol (WAP) is
to the Internet and the Bluetooth alliance’s short-range wireless
technology is to connectivity.”
“The MET initiative is based on four open standard core
technologies. The WAP standard will be used for Internet
access, Wireless Identity Module (WIM) will be used to specify the
security element used, mobile public key infrastructure will serve
as the security framework, and the Bluetooth standard will be used
for local communication. The initiative aims to create new
standards as well.”