InfoWorld: Identity's federated future: September 03, 2004: By Neil McAllister

InfoWorld: Identity’s federated future: September 03, 2004: By Neil McAllister : DATA_MANAGEMENT : SECURITY : STANDARDSThat’s a federated system in action. Out of mutual self-interest, using simple authentication at the point of transaction, participating banks have agreed to trust one another to supply funds from their respective vaults. The banks remain separate entities, but the flow of transactions is shared, creating a federated network. Edited.