A Financial Compensation Based Transaction Management Model for Service-Oriented Business Collaborations

Abstract

The Internet has been encouraging and enabling business collaborations via online transactions over the Web. However, managing transactions in a long-running business process across domains still remains a challenge. In this paper, we propose a novel financial-compensation-based transaction management model, fcBTxM, to address this challenge. Unlike classical transaction management, fcBTxM does not attempt to recover data consistency via rollback when a failure occurs. Instead, our model always tries to forward-roll a business process via financial compensation. We use a state machine to capture and describe the states of our transaction model and their relationships. We also develop a set of technologies and protocols for enabling the new transaction management. A real business collaboration example is used to demonstrate the concept, and preliminary testing results are provided to evaluate our technologies.

A Multi-Entity Input Output (MEIO) Approach to Sustainability - Water-Energy-GHG (WEG) Footprint Statements in Use Cases from Auto and Telco Industries

“…In the form of a contract and its associated exchanges carried out between two or more parties in the form of buyers and sellers to trade an asset (or service) for payment(Yang et al, 2012).…”