Lynnfield, MA and London July 25, 2001 Bowstreet and Choreology Ltd. today announced that the two companies plan to collaborate to produce a "proof of concept" implementation for the emerging standard for business Web transactions.
The Organization for the Advancement of Structured Information Standards (OASIS) is currently defining the Business Transaction Protocol (BTP) specification. BTP will be an open, XML (eXtensible Markup Language)-based standard that will allow trading partners to reliably coordinate elements of their business processes.
Bowstreet and Choreology are both active in the BTP Technical Committee whose work is slated to be adopted as an OASIS Committee Specification by September 2001. The two companies have agreed to exchange expertise and information, and together are building a prototype of a BTP application that demonstrates the protocol engine and XML message set.
The joint project combines Choreology's background in transaction processing with Bowstreet's experience in Web services and XML-based solutions. The companies plan to apply the results of this joint work to assist OASIS in finalizing the BTP specification.
Choreology Managing Director Alastair Green said, "We noted Bowstreet's understanding of the importance of XML-based Web transactions when we formed our company at the beginning of this year. This collaboration will help OASIS members bring extended or cohesive transaction processing capabilities to a wide range of Web service providers for financial transactions, e-procurement and other applications."
Choreology began work earlier this month on a commercial implementation of the BTP protocol. The product, Choreology Cohesion, will be introduced to the market in the first half of 2002. Cohesion is the first part of a plan to provide software vendors and enterprise software users with products that answer the hard technology problems posed by serious, high-value electronic commerce.
