Abstract: A system and method for electronic certification, identification and communication. According to an exemplary implementation, these processes are performed by using an electronic graphic image with encrypted information concerning the certified object. The object is accompanied with an application specific image hereafter called Electronic Virtual Stamp (EV-Stamp) having embedded and encrypted control information (keys and electronic signatures, identifiers of senders and receivers, date and other transaction related information) as well as any message to be passed. Each transaction of the EV-Stamp is monitored by a specialized Web server that maintains the records of all issued electronic stamps, all subscribed users, all involved financial transactions, and all registered assets. It is also possible to use any other graphical images to reflect on various possible applications such as exchange of the EV-Stamp for a good/service.