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Global trading net takes e-commerce across borders

November 1, 1999
Web posted at: 8:57 a.m. EST (1357 GMT)

by Jack McCarthy

Network World Fusion

(IDG) -- Electronic commerce systems provider Commerce One and several international telecom companies said this week they had developed principles for operating a worldwide network of trading portals called the Global Trading Web.

The group, calling itself the Global Trading Web Advisory Council, is composed predominantly of trading sites set up by telecom companies and includes British Telecommunications PLC, Nippon Telegraph and Telephone, Singapore Telecommunications Ltd, Cable & Wireless Optus Ltd. of Australia, and Commerce One.

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The standardization of trading principles will help the companies to interact more easily as they further develop their procurement sites.

"To bring business-to-business relations around the world, you have to create seamless communications across the Web," says Mark Hoffman, president and CEO of Commerce One.

Each company will operate a trading Web site, called a MarketSite, which will interconnect with each other, Hoffman says. The companies will use the sites for their own purchases and offer the service to their customers. Auctions and other features will be introduced in the near future.

"These are the early days of the global trading Web," says Anthony Peake, head of the BT MarketSite. "We are building a framework and we need to understand the differences in regulatory issues in various countries."

The members will share an average of $1 for each transaction conducted through the portals, says Kit Robinson, a Commerce One spokesman. The Global Trading Web can be used by a variety of buying and selling applications, including Commerce One's BuySite or applications from Oracle, Intershop, RightWorks and SAP AG, Hoffman says.

Sites in the U.S, Britain and Singapore are up and running, while the rest will be fully operational by early next year, Robinson says.

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