The global value of goods and services transacted over the Internet will be around $US2 billion to $150 billion a year, according to a federal government report.
However, lack of authentication, verification, privacy and encryption standards are the main barriers to future export growth, warns the report, which was issued by the Department of Foreign Affairs and Trade earlier this year.
Anticipating these industry trends, Dun & Bradstreet Australia (D&B) and KPMG Australia have joined forces to develop and launch a fully automated Web server certification service.
A digital certificate assures visitors to Web sites of the site owners' identity and right to use the address. Typically, however, these certificates only provide information about identity, current only on the date of issue.
Enshrine, the digital certificate developed by D&B and KPMG, offers more assurance than current offerings by continual monitoring, and revoking the certificate in the case of a company failure.
Stephen Wilson, associate director of KPMG Certification Authority, said: "Enshrine is one example of the convergence of Internet technologies and business processes.
"Successful e-commerce requires the same fundamentals as any other business," he said. "We are now seeing innovative Internet approaches to the traditional issues of assurance and audit."
Enshrine verifies corporate details against D&B's business information database, as well as the Australian Securities and Investments Commission database and URL name registrations maintained by Internet Names Australia.