- Hewlett-Packard, IBM, Sun Microsystems and Bowstreet Software on Tuesday announced an XML initiative to enable online transactions among multiple parties.
The initiative, XAML (Transaction Authority Markup Language), was created to help businesses coordinate many different types of transactions, such as commits, cancellations, compensations, exceptions, and retries across multiple businesses.
"Companies are beginning the process of exposing and combining their services on the internet," says David Smith, vice president and research area director at Gartner Group.
"With broad industry support, efforts such as XAML could make all the difference between a robust and orderly net marketplace and one where buyers and sellers spend most of their time resolving fouled transactions offline."
The companies plan to submit the XAML proposal to standards bodies that may include the W3C, OASIS (Organisation for the Advancement of Structured Information Standards), and the IETF (Internet Engineering Task Force).
XAML will enable business to expose their transaction capabilities via their web services.
The XAML specification for XML message interfaces will support coordination and processing of multistage transactions on the internet
In addition, XAML will allow legacy resources to interact with other interfaces and protocols on the internet.