--- begin forwarded text Date: Thu, 9 Oct 1997 08:22:11 -0400 (EDT) From: Chris Wysopal <cwysopal@skywriting.com> To: dcsb@ai.mit.edu Subject: Component-based Commerce: CCS Lunch Talk Friday, October 17 MIME-Version: 1.0 Sender: bounce-dcsb@ai.mit.edu Precedence: bulk Reply-To: Chris Wysopal <cwysopal@skywriting.com> From: Roanne Neuwirth [SMTP:roanne@MIT.EDU] Sent: Wednesday, October 08, 1997 10:27 AM To: ccs-lunch@MIT.EDU Subject: Component-based Commerce: CCS Lunch Talk Friday, October 17 Greetings! This is to announce a CCS Lunch Talk, Friday, October 17, from 12-1:30 pm in E40-170. Bring your lunch and join us for an interesting session. We are pleased to welcome Jay M. Tenenbaum, Chairman of CommerceNet to CCS. He will speak on component-based commerce and an exciting new project. See you there!! Component-based Commerce Jay M. Tenenbaum Chairman, CommerceNet Digital anarchy is threatening the explosive growth of Internet commerce. Proprietary applications and platforms cannot communicate above the level of browsers. Websites are difficult to locate and incomprehensible to software agents. Such limitations prevent online businesses from leveraging each other's services, resulting in closed markets and trading communities. In response, CommerceNet has launched an ambitious object-oriented interoperability framework initiative called eCo System. eCo treats all commerce services on the Web as business objects. It provides the infrastructure (a Common Business Language, standardized metadata and middleware) for combining them in novel ways to build virtual companies, markets, and trading communities. eCo complements commercial ecommerce platforms, enabling them to communicate with one another, thus expanding the market for all. eCo System promises to transform the Internet into a massive economy of online services, all linked through a common framework. Companies will be able to encapsulate their services (e.g., shipping, banking) as eCo objects, that customers can seemlessly integrate into their own business processes. Entrepreneurs will be able to create innovative value-added services that compare, aggregate, integrate, and translate data across companies -- finding the best price or the closest supplier for example. This potential for instant partnering and for rapidly experimenting with new business concepts could spark an explosion of entrepreneurial activity rivaling that of the web itself. Based on market analyses by Forrester and IDC, CommerceNet projects a $1 Billion market for eCo-enabled Internet commerce building blocks and tools by the year 2000. The Internet commerce transactions enabled by these components could exceed $100 Billion. The talk will cover eCo System from both a technology and business perspective. Dr. Jay M. Tenenbaum (BS MIT '64; Ph.D. Stanford '71) is widely acknowledged as a founder of Internet commerce and its leading visionary. In 1990 he started EIT, the company that pioneered the enabling security and payment infrastructure. In 1994 he formed CommerceNet, the leading industry association for Internet commerce with nearly 600 corporate members worldwide. Dr. Tenenbaum has been a consulting Professor of Computer Science at Stanford University and currently serves on the boards of six Internet start ups. For help on using this list (especially unsubscribing), send a message to "dcsb-request@ai.mit.edu" with one line of text: "help". --- end forwarded text ----------------- Robert Hettinga (rah@shipwright.com), Philodox e$, 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire' The e$ Home Page: http://www.shipwright.com/ Ask me about FC98 in Anguilla!: <http://www.fc98.ai/>