Supporting Market Transaction through XML Contracting Containers

Based on a Business Media Framework (BMF), this paper proposes an architecture for secure electronic contracts, which adhere to legal requirements and can be applied for an integrated management of market transactions. We propose the use of XML, digital signatures, and Java technology for secure electronic contracting. The resulting contract container can be applied for the support of an integrated information flow through the different services of an electronic market. In addition the container holds a control logic, that supports the management of the contract negotiation and the contract settlement. The concept provided in this paper was developed in the Secure Electronic Contracts (SeCo) project of the =mcminstitute of the University of St. Gallen and the University of Zurich, Switzerland, in cooperation with several business partners.

[1]  N. Asokan,et al.  Optimistic protocols for fair exchange , 1997, CCS '97.

[2]  Günther Pernul,et al.  Viewing Business-Process Security from Different Perspectives , 1999, Int. J. Electron. Commer..

[3]  Winfried Lamersdorf,et al.  Electronic Contracting im Internet , 1999, Kommunikation in Verteilten Systemen.

[4]  Beat Schmid,et al.  The Concept of Media , 1997 .

[5]  Ronald M. Lee.  Towards Open Electronic Contracting , 1998, Electron. Mark..

[6]  Nathaniel S. Borenstein,et al.  MIME (Multipurpose Internet Mail Extensions): Mechanisms for Specifying and Describing the Format of Internet Message Bodies , 1992, RFC.

[7]  Beat Schmid,et al.  Mediating electronic product catalogs , 1998, CACM.

[8]  Z. Milosevic,et al.  Supporting business contracts in open distributed systems , 1995, Second International Workshop on Services in Distributed and Networked Environments.

[9]  David Burdett.  Internet Open Trading Protocol - IOTP Version 1.0 , 2000, RFC.

[10]  Katarina Stanoevska-Slabeva,et al.  The management of business transactions through electronic contracts , 1999, Proceedings. Tenth International Workshop on Database and Expert Systems Applications. DEXA 99.

[11]  Beat Schmid,et al.  Elektronische Märkte - Merkmale, Organisation und Potentiale , 1999 .

[12]  G. Lacoste,et al.  SEMPER: A Security Framework for the Global Electronic Marketplace , 1998 .

[13]  Nathaniel S. Borenstein,et al.  MIME (Multipurpose Internet Mail Extensions) Part One: Mechanisms for Specifying and Describing the Format of Internet Message Bodies , 1992, RFC.

[14]  N. Asokan,et al.  Designing a Generic Payment Service , 1998, IBM Syst. J..

[15]  Beat F. Schmid,et al.  Communities and media-towards a reconstruction of communities on media , 2000, Proceedings of the 33rd Annual Hawaii International Conference on System Sciences.