What is the role of the Certification Authority in electronic transactions?

The role of the Certification Authority (CA) in electronic transactions is primarily focused on authentication and security. A CA is responsible for verifying the identities of parties involved in electronic transactions and issuing digital certificates that serve as proof of this authenticity. These digital certificates help establish trust in electronic communications by ensuring that the entities involved are who they claim to be.

By issuing these certificates, the CA facilitates secure online transactions, enabling users to share sensitive information without fear of interception or fraud. This function is critical in maintaining the integrity of electronic transactions, as it builds a foundational layer of trust necessary for secure communications.

Monitoring market trends and prices, managing customer feedback, or protecting against transaction fraud are important in the context of electronic business, but they fall outside the specific responsibilities of a Certification Authority. Instead, those aspects are typically managed by different roles or entities within an organization.