XML security move.

Bowstreet, Hewlett-Packard, IBM, Oracle and Sun Microsystems are leading an initiative to define an industry standard that will enable the coordination and processing of online, multi-party transactions in the rapidly emerging world of XML-based web services. The initiative is called XAML (Transaction Authority Markup Language). ‘Companies are beginning the process of exposing and combining their services on the net. As these web services interactions mature, the need to ensure the integrity of their customers’ transactions becomes more important,’ said David Smith, Gartner’s vice president and research area director.

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