This is a major breakthrough in information security, one of the key issues in enabling the development of reliable e-Business transaction applications. Analysts agree that XML will have a huge impact on the whole IT sector and e-Business in the very near future. It offers very efficient means of system and application integration. Three quarters of the Fortune 500 enterprises are estimated to be developing significant XML applications and one quarter of them are already using XML in important real life applications in year 2000. This is happening due to many factors, such as the availability of PKI services and Smartcards, the broader legislative basis for e-Commerce including digital signatures and of course due to the powerful features for application development, communication and integration of the XML and Java technologies.
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