A Formal Analysis of Auditing Principles for Electronic Trade Procedures

@article{Bons2000AFA,
  title={A Formal Analysis of Auditing Principles for Electronic Trade Procedures},
  author={Roger W. H. Bons and Frank Dignum and Ronald M. Lee and Yao-Hua Tan},
  journal={Int. J. Electronic Commerce},
  year={2000},
  volume={5},
  pages={57-82}
}
One of the major issues involved in establishing new trading relationships is the lack of an a priori trust relationship between the parties. Without a solution of this trust problem it is virtually impossible to establish new trade relationships. This is an old and well-known problem in international trade. One way to create the necessary trust is by using trade procedures that involve exchanges of documents between the trading partners to verify that the counter party has fulfilled his part… CONTINUE READING
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