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First Look: Intel - Use a wireless wallet for your e-cash Bernard Cole San Francisco, Ca. – At the Intel Developer Forum here, Intel Corp.’s People and Practices Research group is proposing a new electronic infrastructure to support the new generation of wireless wallets that will be needed for e-cash. The concepts they are proposing move beyond the way smart cards are used to store digital Intel researchers are "working on designs to expand our imagination about what money might look and feel like in the future." The "personal digital money" project is exploring both the digitization of money and potential pitfalls as well as how digital technology can provide new ways to use electronic cash. The group is surveying e-cash projects around the world and applying design techniques to what they find. According to Intel, most people won't want to put all their money into a single electronic pot. Instead, users seem to prefer different types of e-cash ranging from online gaming currency credits to electronic toll road payments. The more diverse digital money becomes, the more users will like it, according to Intel, which plans to ease transactions with wireless wallets and other electronic devices. Based on initial research, the Intel group believes that the way digital money is used should determine the form factor for future digital wallets. While putting money on a cellphone works in Kenya, where cellphones are relatively new, a different form factor is needed for established cellphone markets. Intel's e-cash project is scheduled to last at least another year, at which time the Intel unit will recommend the best electronic infrastructure for future wireless wallets. To learn more, go to www.intel.com.
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