Internet Based Electronic Business Framework Applications and Business to Business Standards

With the widespread popularity of the Internet, specifically the World Wide Web, Internet Electronic Commerce provides a revolutionary way of doing business, offers tremendous opportunities for business, and, most importantly, represents a market worth potentially hundreds of billions of dollars. Internet electronic commerce has become an active area recently, with many standards and solutions defined, proposed, and emerged. This paper will cover basic concepts of electronic commerce and framework of application lifecycle and three levels of approach from electronic commerce to electronic business. We will discuss recently proposed internet standards such as OTP, OBI, ICE, EDI, XML, and ebXML We will conclude with the e-marketplaces trends and directions.