Odyssey Technologies' encryption products

By Our Staff Reporter

CHENNAI, MAY 28. Odyssey Technologies, an Internet security company, has launched encryption products, comprising certrix certification server, registrix registration server and cryptomagic application toolkit.

Addressing a press conference here on Friday, Mr. B. Robert Raja, chairman and managing director, said certrix and registrix together offered a comprehensive system to issue and manage digital signature certificates. Digital certificates were a pair of electronic keys for its owners. The keys along with the digital certificates would provide the users the means to execute digital signatures as also to secure their communication over the public Internet.

The security of communication is ensured by scrambling the messages at the sender's end with one key and the intended recipient would be able to unscramble it with the other key. The scrambling process is called encryption and the entire system of using dual keys to achieve the security is referred to as Public Key Infrastructure or PKI.

He said Internet security issue was a stumbling block to the impending boom in e-commerce and PKI had been seen as the most efficient security solution. PKI finds application in any e- commerce transaction such as payments systems, banking, stock trading, secure tending, invoicing and contracting on the net.

Mr. Raja said the PKI market was at a nascent stage with the earliest commercial PKI server being not more than two years old. The global market was currently served by four players. PKI products and integration services was a $650 million market in 1999 and is expected to exceed $2 billion in the current year.

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