Because you can introduce security and make the Internet a public means of doing private transactions – a public network on which you can implement private networks – it will become the de facto standard network for all electronic commerce.
Predictor: Clark, Jim
Prediction, in context:Mosaic co-founder Jim Clark made the following comment in a 1994 article in Network Computing Magazine: ”The Internet is about to get substantial support from major companies. And because you can introduce security and make the Internet a public means of doing private transactions – a public network on which you can implement private networks – it will become the de facto standard network for all electronic commerce. Certain time-sensitive commerce, like stock-quote feeds updated 600 times a second, true temporally related things, will be the exception. The Internet protocols now are not suitable for that. But over time they will evolve to provide permanent virtual circuits and the ability to guarantee certain amounts of bandwidth.”
Date of prediction: January 1, 1994
Topic of prediction: Economic structures
Subtopic: E-commerce
Name of publication: Network Computing
Title, headline, chapter name: The Pattern in the Mosaic
Quote Type: Direct quote
Page number or URL of document at time of study:
http://web.lexis-nexis.com/universe/document?_m=6d004516cc820836cda7f66c5f136b21&_docnum=1&wchp=dGLbVlz-lSlzV&_md5=fa34f29c8a2e7cad415bce0edfdba183
This data was logged into the Elon/Pew Predictions Database by: Allen, Patrick J.