Abstract
This paper introduces the concept of an electronic trade scenario (executable transaction model) as a potential solution to “open” electronic commerce - trade among parties that have no prior trading relationship. The basic idea is that these trade scenarios would be stored in a “global repository”, and downloaded by trading parties as needed for a particular trade. A representation, called Documentary Petri Nets (DPN) is used to represent such trade scenarios. The InterProcs system is described as a prototyping environment to support the design and execution of such trading systems using this representation. Given that the parties are often trading at “arm’s length”, a key focus is the development of trustworthy trade scenarios that have sufficient controls and evidentiary documentation.
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Lee, R.M. (2000). Documentary Petri Nets: A Modeling Representation for Electronic Trade Procedures. In: van der Aalst, W., Desel, J., Oberweis, A. (eds) Business Process Management. Lecture Notes in Computer Science, vol 1806. Springer, Berlin, Heidelberg. https://doi.org/10.1007/3-540-45594-9_23
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DOI: https://doi.org/10.1007/3-540-45594-9_23
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