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A Lawful Framework for Distributed Electronic Markets

Conrad, M. 1; Waldhorst, O. 1; Raabe, O. 1; Funk, C. 1
1 Institut für Telematik (TM), Karlsruher Institut für Technologie (KIT)

Abstract (englisch):

While decentralized peer-to-peer market platforms are more suited for trading short-lived or non-material goods (e.g., electrical power, bandwidth-on-demand) due to reduced transaction cost, robustness and scalability, they lack the legal certainty provided by centralized electronic market places operated by a trusted third party. This paper presents a technical framework that, conforming to European regulations, provides legal certainty for distributed market platforms. The framework includes a market-consistent data model representing the facts for the legal subsumption process, maps the European framework for electronic signatures to a distributed system, and comprises solutions for both adducing the reception of electronic documents and their distributed long-time storage. Moreover, it includes an electronic legal adviser for an automatic verification of contracts.

Zitationen: 5
Zugehörige Institution(en) am KIT Institut für Telematik (TM)
Fakultät für Informatik – Zentrum für Angewandte Rechtswissenschaft / Institut für Informationsrecht (ZAR)
Publikationstyp Proceedingsbeitrag
Publikationsjahr 2007
Sprache Englisch
Identifikator ISBN: 978-1-4757-0564-5
ISSN: 1571-5736
KITopen-ID: 1000087526
Erschienen in IFIP TC 5 Working Group 5.5 Eighth IFIP Working Conference on Virtual Enterprises September 10–12, 2007, Guimarães, Portugal / edited by Luis M. Camarinha-Matos, Hamideh Afsarmanesh, Paulo Novais, Cesar Analide
Verlag Springer
Seiten 233–240
Serie IFIPAIC ; 243
Nachgewiesen in Scopus
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