Chapter 1

Introduction

1.1 The Basics

The Problem

Abusiness transaction is an interaction in the real world, usually between an enterprise and a person or another enterprise, where something is exchanged. For example, it could involve exchanging money, products, information, or service requests. Usually some bookkeeping is required to record what happened. Often this bookkeeping is done by a computer, for better scalability, reliability, and cost. communications between the parties involved in the business transaction is often done over a computer network, such as the Internet. This is transaction processing (TP)—the processing of business transactions by computers connected by computer networks. There are many requirements on computer-based transaction ...

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