The Management of Business Transactions through Electronic Contracts

  • Authors:
  • Alexander Runge;Bernd Schopp;Katarina Stanoevska-Slabeva

  • Affiliations:
  • -;-;-

  • Venue:
  • DEXA '99 Proceedings of the 10th International Workshop on Database & Expert Systems Applications
  • Year:
  • 1999

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Abstract

Based on a Business Media Framework (BMF) as an instantiation of a new Media Reference Model, this paper provides a solution for the integrated management of business transactions, considering contracts as the key information of all legally relevant actions in a business transaction. Derived from these concepts and assumptions a contracting framework will be presented, that gives an overview over the services and roles that have to be fulfilled in a business transaction to manage the flow of information. Finally, a container architecture as an instantiation of a market transaction managing entity will be presented, described and embedded into the BMF. The concept provided in this paper was developed within the Secure Electronic Contracts (SeCo) project at the =mcm institute at the University of St. Gallen and the University of Zurich in Switzerland [13]. The focus of the project is to merge business requirements on electronic contracting with IT security requirements and legal aspects. This paper covers mainly a contracting framework that meets business requirements on electronic contracting in Business Media.