Wave Systems Corp. and Folio Corp. Announce Chip-Based Metering Technology Partnership

Strategic Insights -

Wave Systems Corp. (Nasdaq: WAVX) has announced that its chip-based metering technology will work with the Folio Metering API, enabling the development of the Information Marketplace, Folio's model for conducting information commerce over wide-area networks. The partnership, announced at PC Forum in Phoenix, involves a reciprocal nondisclosure agreement between Wave Systems Corp. and Folio Corp., aimed at developing integrated solutions for information metering and billing. Publishers will be able to design content for electronic commerce utilizing the Wave System, facilitating transaction security critical for the development of the Information Marketplace.

Key Takeaways:

  • The partnership involves Wave Systems Corp. and Folio Corp. working together to develop integrated solutions for information metering and billing.
  • The Wave System will facilitate transaction security critical for the development of the Information Marketplace, Folio's model for conducting information commerce over wide-area networks.
  • Publishers will be able to design content for electronic commerce utilizing the Wave System, allowing for per-transaction access to information and software.
  • The Wave System provides a turnkey solution for electronic commerce, reporting usage feedback and royalties directly to the publisher.
  • The system has been tested in the marketplace for 12 months and is in operation today.
  • The partnership has the potential to generate greater revenues for publishers than traditional distribution channels.
  • The Wave System provides the ability to sell information by the piece, allowing publishers to accurately gauge product use while maintaining users' privacy.

Statistics:

  • The Wave System has been tested in the marketplace for 12 months.
  • The system is in operation today.
  • The partnership between Wave Systems Corp. and Folio Corp. involves a reciprocal nondisclosure agreement.
  • The Wave System provides a turnkey solution for electronic commerce.
  • The system reports usage feedback and royalties directly to the publisher.

Sources:

(PRNewswire, "Wave Systems Corp. Announces Chip-Based Metering Technology Partnership with Folio Corp.", March 6, 1995)

Note: The article provides no specific statistics or data beyond the year 1995.