Risk in Trusted Decentralized Communications

Abstract

Risk is associated with almost every activity that is undertaken on a daily life. Risk is associated with Trust, Security and Privacy. Risk is associated with transactions, businesses, information systems, environments, networks, partnerships, etc. Generally speaking, risk signifies the likelihood of financial losses, human casualties, business destruction and environmental damages. Risk indicator gives an early warning to the party involved and helps avoid deserters. Until now, risk has been discussed extensively in the areas of investment,finance, health, environment, daily life activitiesand engineering. However, there is no systematic study of risk in Decentralised communication,which involves e-business, computer networks and service oriented environment. In this paper, we define risk associated with trusted communication in e-business and e-transactions; provide risk indicator calculations and basic application areas.