QUESTION 3 (20 MARKS) Electronic commerce, commonly known as e-commerce or eCommerce, consists of the buying and selling of products or service over electronic systems such as the Internet and other computer Network

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QUESTION 3 (20 MARKS) Electronic commerce, commonly known as e-commerce or eCommerce, consists of the buying and selling of products or service over electronic systems such as the Internet and other computer Network. The amount of trade conducted electronically has grown extraordinarily with wide-spread Internet usage. The first ecommerce transaction was made in 1994. A guy named Phil Brandenberger used his Mastercard to buy Sting's Ten Summoners' Tales via the internet for $12.48. This particular transaction made history and signaled to the world that the "internet is open" for ecommerce transactions. Why? Because it was the first time that encryption technology was used to enable an internet purchase. Required: a. Explain the Hyper Text Transfer Protocol (HTTP) function and respond in internet. (4 marks) b. Describe about digital certificate used in Phil Brandenbeger transaction. Discuss how is it different from a digital signature. (7 marks) c. Discuss the certification authority and the implications for the accounting profession. (9 marks)