Reliability and trust are fundamental prerequisites for the establishment of functional relationships among peers in a Collaborative Networked Organisation (CNO), especially in the context of Virtual Enterprises where economic benefits can be directly at stake. This paper presents a novel approach towards effective service discovery and selection that is no longer based on informal, ambiguous and potentially unreliable service descriptions, but on formal specifications that can be used to verify and certify the actual Web service implementations. We propose the use of Stream X-machines (SXMs) as a powerful modelling formalism for constructing the behavioural specification of a Web service, for performing verification through the generation of exhaustive test cases, and for performing validation through animation or model checking during service selection
