Making trust explicit in distributed commerce transactions

In a distributed environment where nodes are independently motivated, many transactions or commercial exchanges may be stymied due to a lack of trust between the participants. The addition of trusted intermediaries may facilitate some exchanges, but others are still problematic. We introduce a langu...

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Bibliographic Details
Published in:Proceedings of the 16th International Conference on Distributed Computing Systems pp. 270 - 281
Main Authors: Ketchpel, S.P., Garcia-Molina, H.
Format: Conference Proceeding
Language:English
Published: IEEE 1996
Subjects:
Authentication
Business
Computer networks
Computer science
Concurrent computing
Electronic commerce
Marketing and sales
NASA
Protection
Software libraries
ISBN:9780818673993, 0818673990
Online Access:Get full text
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Summary:In a distributed environment where nodes are independently motivated, many transactions or commercial exchanges may be stymied due to a lack of trust between the participants. The addition of trusted intermediaries may facilitate some exchanges, but others are still problematic. We introduce a language for specifying these commercial exchange problems, and sequencing graphs, a formalism for determining whether a given exchange may occur We also present an algorithm for generating a feasible execution sequence of pairwise exchanges between parties (when it exists). Indemnities may be offered to facilitate previously infeasible transactions. We show when and how they enable commercial transactions.
ISBN:9780818673993
0818673990
DOI:10.1109/ICDCS.1996.507925