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What is Trusted Third Party mean?
In cryptography, a trusted third party (TTP) is an entity which facilitates interactions between two parties who both trust the third party; the Third Party reviews all critical transaction communications between the parties, based on the ease of creating fraudulent digital content. In TTP models, the relying parties use this trust to secure their own interactions. TTPs are common in any number of commercial transactions and in cryptographic digital transactions as well as cryptographic protocols, for example, a certificate authority (CA) would issue a digital certificate to one of the two parties in the next example. The CA then becomes the Trusted-Third-Party to that certificates issuance. Likewise transactions that need a third party recordation would also need a third-party repository service of some kind or another.
'Trusted' means that a system needs to be trusted to act in your interests, but it has the option (either at will or involuntarily) to act against your interests. 'Trusted' also means that there is no way to verify if that system is operating in your interests, hence the need to trust it. Corollary: if a system can be verified to operate in your interests, it would not need your trust. And if it can be shown to operate against your interests one would not use it.
referencePosted on 23 Oct 2024, this text provides information on Miscellaneous in Computer and Networking related to Computer and Networking. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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