A Configurable Matchmaking Framework for Electronic Marketplaces

E-marketplaces constitute a major enabler of B2B and B2C e-commerce activities. This paper proposes a framework for one of the central activities of e-marketplaces: matchmaking of trading intentions lodged by market participants. The framework identifies a core set of concepts and functions that are common to all types of marketplaces and can serve as the basis for describing the distinct styles of matchmaking employed within various market mechanisms. A prototype implementation of the framework based on Web services technology is presented, illustrating its ability to be dynamically configured to meet specific market needs and its potential to serve as a foundation for more fully fledged e-marketplace frameworks

Matchmaking Framework for B2B E-Marketplaces

In the recent years trading on the Internet become more popular. Online businesses gradually replace more and more from the conventional business. Much commercial information is exchanged on the internet, especially using the e-marketplaces. The demand and supply matching process becomes complex and difficult on last twenty years since the e-marketplaces play an important role in business management. Companies can achieve significant cost reduction by using e-marketplaces in their trade activities and by using matchmaking systems on finding the corresponding supply for their demand and vice versa. In the literature were proposed many approaches for matchmaking. In this paper we present a conceptual framework of matchmaking in B2B e-marketplaces environment.B2B Electronic Marketplaces, Conceptual Framework, Matchmaking, Multi- Objective Genetic Algorithm, Pareto Optimal

Matchmaking Framework for B2B E-Marketplaces

In the recent years trading on the Internet become more popular. Online businesses gradually replace more and more from the conventional business. Much commercial information is exchanged on the internet, especially using the e-marketplaces. The demand and supply matching process becomes complex and difficult on last twenty years since the e-marketplaces play an important role in business management. Companies can achieve significant cost reduction by using e-marketplaces in their trade activities and by using matchmaking systems on finding the corresponding supply for their demand and vice versa. In the literature were proposed many approaches for matchmaking. In this paper we present a conceptual framework of matchmaking in B2B e-marketplaces environment

Towards the Automation of E-Negotiation Processes Based on Web Services - A Modeling Approach

E-Negotiation is the process of conducting negotiations be- tween business partners using electronic means. The interest in e-negotiation is motivated by its potential to provide business partners with more e±cient processes, enabling them to draft better contracts in less time. Most of today's e-marketplaces support some form of e-negotiation. Numerous attempts are being made to design e-marketplaces that support more than one negotiation protocol. The main problem in designing these e-marketplaces is the lack of a systematic approach. In our view, the e-marketplace enforces negotiation protocols and therefore should make them available for consultation by humans and for automation by software agents. Separating the protocols from the e-negotiation media is a step towards a configurable e-marketplace. In this paper we address the requirements for modeling e-negotiation protocols. Then we adopt the Statechart formalism as a modeling language and provide de- scriptions of five commonly used e-negotiation protocols. Finally, we discuss how we move from these Statechart descriptions of the protocols to modeling the interactions between the e-marketplace participants using a web service orchestration language

Giant or Dwarf? A Literature Review on Blockchain-enabled Marketplaces in Business Ecosystems

While advocates argue for the disruptive impact of marketplace business models and Blockchain in various regards, their practical effects on today\u27s organizations are still limited.This study reviews the current body of literature on Blockchain-enabled Marketplaces in Business Ecosystems, outlines present scopes, and disregarded topics. Our review shows that publications predominantly focus on conceptual models that favor Blockchain-for-all-solutions and neglect several fundamental marketplace dimensions. We raise a critical voice regarding the status quo and outline paths for future research

Matchmaking in business park context: case Technopolis

PURPOSE OF THE STUDY: The purpose of the study was to find a working model to be able to efficiently help companies to find other companies through a half-automated matchmaking process. In addition, thrive on better matchmaking while exploiting the future possibilities provided by technological progression is the main standpoint of the thesis. METHODOLOGY: The research method selected to study the topic is case study. The thesis relies strongly on three interlinking levels of frameworks: network theories, Virtual organization Breeding Environment (with strong emphasis on virtual organization creation) and Multi-Sided Platform Pattern. These levels reflect the organizational structure of the case company Technopolis and the related business ecosystem. FINDINGS: It is concluded in the thesis that creating a half-automated matchmaking process is indeed possible, and accordingly a general model is created to fit Technopolis’ needs. However, matching companies efficiently requires a supporting organizational structure, which among other assisting functions creates trust within the network members. Furthermore, as each industry has its specific characteristics, it is suggested that Technopolis concentrates on one branch of business with the proposed matchmaking model

Next Generation Business Ecosystems: Engineering Decentralized Markets, Self-Sovereign Identities and Tokenization

Digital transformation research increasingly shifts from studying information systems within organizations towards adopting an ecosystem perspective, where multiple actors co-create value. While digital platforms have become a ubiquitous phenomenon in consumer-facing industries, organizations remain cautious about fully embracing the ecosystem concept and sharing data with external partners. Concerns about the market power of platform orchestrators and ongoing discussions on privacy, individual empowerment, and digital sovereignty further complicate the widespread adoption of business ecosystems, particularly in the European Union. In this context, technological innovations in Web3, including blockchain and other distributed ledger technologies, have emerged as potential catalysts for disrupting centralized gatekeepers and enabling a strategic shift towards user-centric, privacy-oriented next-generation business ecosystems. However, existing research efforts focus on decentralizing interactions through distributed network topologies and open protocols lack theoretical convergence, resulting in a fragmented and complex landscape that inadequately addresses the challenges organizations face when transitioning to an ecosystem strategy that harnesses the potential of disintermediation. To address these gaps and successfully engineer next-generation business ecosystems, a comprehensive approach is needed that encompasses the technical design, economic models, and socio-technical dynamics. This dissertation aims to contribute to this endeavor by exploring the implications of Web3 technologies on digital innovation and transformation paths. Drawing on a combination of qualitative and quantitative research, it makes three overarching contributions: First, a conceptual perspective on \u27tokenization\u27 in markets clarifies its ambiguity and provides a unified understanding of the role in ecosystems. This perspective includes frameworks on: (a) technological; (b) economic; and (c) governance aspects of tokenization. Second, a design perspective on \u27decentralized marketplaces\u27 highlights the need for an integrated understanding of micro-structures, business structures, and IT infrastructures in blockchain-enabled marketplaces. This perspective includes: (a) an explorative literature review on design factors; (b) case studies and insights from practitioners to develop requirements and design principles; and (c) a design science project with an interface design prototype of blockchain-enabled marketplaces. Third, an economic perspective on \u27self-sovereign identities\u27 (SSI) as micro-structural elements of decentralized markets. This perspective includes: (a) value creation mechanisms and business aspects of strategic alliances governing SSI ecosystems; (b) business model characteristics adopted by organizations leveraging SSI; and (c) business model archetypes and a framework for SSI ecosystem engineering efforts. The dissertation concludes by discussing limitations as well as outlining potential avenues for future research. These include, amongst others, exploring the challenges of ecosystem bootstrapping in the absence of intermediaries, examining the make-or-join decision in ecosystem emergence, addressing the multidimensional complexity of Web3-enabled ecosystems, investigating incentive mechanisms for inter-organizational collaboration, understanding the role of trust in decentralized environments, and exploring varying degrees of decentralization with potential transition pathways