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Software Agent-Mediated Internet Trading Framework

Software Agent-Mediated Internet Trading Framework
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Author(s): Xun Yi (Nanyang Technological University, Singapore), Syed Mahbubhur Rahman (Minnesota State University, Mankato, USA), Robert J. Bignall (Monash University, Malaysia Campus, Malaysia), Chee Kheong Siew (Nanyang Technological University, Singapore) and Xiao Feng Wang (National University of Singapore, Singapore)
Copyright: 2001
Pages: 23
Source title: Internet Commerce and Software Agents: Cases, Technologies and Opportunities
Source Author(s)/Editor(s): Syed Mahbubhur Rahman (Minnesota State University, Mankato, USA) and Robert J. Bignall (Monash University, Australia)
DOI: 10.4018/978-1-930708-01-3.ch019

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Abstract

In recent years Internet trading has seen explosive growth and will have a major impact in shaping future markets. It will certainly be very advantageous if Internet trading can be made more automated and secure than is currently the case. This would dramatically reduce the time and energy spent by customers. This chapter focuses on applying software agent technology together with cryptographic technology towards automating and securing the processes of negotiation and payment, which are the principal and most time-consuming steps during Internet trading. A software agent-mediated Internet trading framework integrating negotiation and payment procedures is proposed.

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