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How do you make this information that was not in a digital format a computer-readable document for the user? "
"So the question is not only how can you get to an individual from an individual, but how can you get to an individual with a group of individuals. How do you get from one location and say let's go to this location and say let's go to that location. How do you get from, you know, some of the more traditional forms of information that you are used to seeing in a document or other forms. The ability to do that in a digital medium has been a huge challenge. I think we've done it, but there's some work that we have to do on the security side of that. And of course, there's the question of how do you protect it from being read by people that you're not intending to be able to actually read it? "
When asked to describe what he means by a "user-centric" approach to security, Bensley responds that "you're still in a situation where you are still talking about a lot of the security that is done by individuals, but we've done a very good job of making it a user-centric process. You're not going to be able to create a document or something on your own that you can give to an individual. You can't just open and copy over and then give it to somebody else. You still have to do the work of the document being created in the first place and the work of the document being delivered in a secure manner."
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What electronic signature?
That's where digital signatures come in. It's the way that you can have a secure way of saying to someone — I'm going to sign this as my signature on here, and I'm not going to be able to tell who signed it — what's the digital signature?
So, if you look at the way it goes into a bitcoin transaction today, you can actually generate a digital signature. You can generate a digital signature with a computer on a computer in my garage. That's how the whole transaction works. And what this does is it basically removes the risk that a user's computer is compromised by malware, which is what makes malware so deadly. So, you have the bitcoin, and you send it to an address. The address on the bitcoin is essentially a digital signature. When you send that, that tells the computer, this is what you're sending to that address. Now, this is where digital signatures get really cool.
If we wanted to sign a document that we were going to get certified by a government agency, you would be signing the digital signature of that document. That would be the equivalent of a physical paper document on your desk or in your office. And the government would be able to verify that what that signature did was what it said — this was a signature, and this wasn't a signature. So, it's like a signature in a digital format, but instead of signing with your real key and putting that on a paper, now we can put our digital signature on that document. And you can verify that it was the digital signature. Th...
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