Methods and architectures of information interchange for electronic trade on infrastructural markets

Aim of Project:
Development of methods of electronic communication between entities taking part in trade on infrastructural markets. Research work include architecture and protocols of data interchange, and structure of the information, as well as methods for offers searching and negotiations in the Network.

Expected results:
Implementation of the results of this work may stimulate a progress on infrastructural markets, particularly development of multi-commodity Internet auctions, including distributed auctions (without central managing entity), and real-time auctions. Methods worked out can be applied in many segments of infrastructural markets, e.g. in power industry, telecommunications, and other infrastructural sectors of economy. Application of based on strong theory, formalized, verified and well described methods of M3 platform may trigger qualitative changes, which improve effectiveness, transparency, and consistence of market mechanisms. It may also help new entities to have access to the market, which formerly could be impossible due to existing informational or organizational barriers. Application of the result of the work can stimulate development of new markets and services, which finally can contribute to acceleration of growth and improvement of effectiveness of given sector of economy.