Building trust in virtual organisations

By | December 3, 2006

Trust is essential to any relationship, not least in business where companies have to be able to rely on their partners and suppliers. But as more business takes place in the ever-changing online world new tools are needed to build and maintain confidence. European researchers are working on supplying them.

TrustCoM, an IST-funded project, is tackling the very real problem of establishing trust between organisations online, and ensuring the security of digital transactions and electronic business processes.

By employing innovative and well known Service-Oriented Architecture (SOA) open source tools in a generic framework in a distributed environment, the project is addressing the trust, security and contract management issues that have so far hindered the widespread creation of dynamic virtual organisations – the kind of associations between distributed and often very different companies that could fuel a new era of efficient, global business.

“The trouble is convincing companies that the benefits outweigh the costs and calming their concerns about exposing themselves online,” explains TrustCoM coordinator Santi Ristol at Atos Origin in Spain.Read Full Story

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