Novel and secure dynamic identification system comprises electrical tokens, a secure identification server, a management workstation and application Programming Interface. Dynamic password is generated with synchronous and asynchronous identification algorithms. Since there is no correlation between passwords, they cannot be predicted, traced, intercepted or decoded. Thus the reliability of identification is enhanced. This paper first introduces principles of synchronous and asynchronous identification based on time and events, and then gives a through analysis of security in dynamic identification techniques. A brief introduction is given about identification issues in current stock industry. With event-based synchronous identification as an example, we give a detailed introduction of dynamic identification techniques with the application in stock exchange and integration of identification system and client system.
