Amplifying Business Transaction State Machine with LAP

Through complementary using of DEMO and REA

Abstract

This special issue, “Industry 4.0”, aims to build an autonomous decentralized digital network society. BTSM (Business Transaction State Machine) is expected to play an important role as its technical infrastructure. It could be used as a mechanism to enhance the safety and reliability of business transactions shared among the members in a decentralized network. The current model for designing the BTSM has the limitation that it can’t adequately identify the business event necessary to complete a transaction. Although a LAP-based model has been proposed to overcome this limitation, this model also occurs another new limitation. It can’t properly represent a transaction scenario starting from a sales proposal or counteroffer. Therefore, this paper proposes an amplified model which could overcome them. It, especially, can’t properly represent a transaction scenario starting from a sales proposal or counteroffer. This paper proposes an amplified model which could overcome them.