Electronic data interchange (EDI) Is the electronic exchange of business documents in standard, computer-processable, universally accepted format between the business partners. Electronic Data Interchange (EDI) EDI may be defined as the transmission of business data in a structured, electronic format from a computer application in one business format from a computer application in one business … Read more
e-Market:- Basically, an electronic market is a website where companies can buy from and sell to each other using a common technology platform. They are the commerce sites on the internet that allow a large number of buyers and suppliers to meet and trade with each other. They are also known as electronic marketplaces, online … Read more
Advantages of a smart card:- Following are the advantages of a smart card:- More secure:- Smart cards offer more security and confidentiality than any other financial or transaction card on the market. They use encryption and authentication technology which is more secure than previous methods associated with payment cards. Safe to transport:- Another advantage to … Read more
“Information warfare refers to the conflict between two Information or more groups in the information environment. The main purpose of information warfare is the deletion of critical information. It is performed by insiders, terrorists, hackers, criminals, etc. The target of information warfare is to gain information superiority.” Types of Information Warfare Information Warfare at … Read more
“Information warfare refers to the conflict between two Information or more groups in the information environment. The main purpose of information warfare is the deletion of critical information. It is performed by insiders, terrorists, hackers, criminals, etc. The target of information warfare is to gain information superiority.” Information warfare refers to creating chaos by damaging … Read more
Credit Transaction Trade Cycle:- Most inter-organizational trade transactions take place as a part of an established, ongoing trade relationship. The trade cycle for inter-organizational transactions is generally a credit trade cycle. The stages in the credit trade cycle are: Pre-sales:- Before trading starts, the two organizations need to make contact (search) and agree on trading … Read more
Disadvantages of EDI:-“Electronic data interchange (EDI) Is the electronic exchange of business documents in standard, computer-processable, universally accepted format between the business partners.” Following are the disadvantages of EDI:- Too many standards:- There are too many standard bodies developing standard documents formats for EDI. For example, one company may be following the x12 standard format, … Read more
Bitcoin is the world’s leading digital currency and continues to grow as people learn about its breakthrough potential as a peer-to-peer digital payment system. For a refresher on what Bitcoin is and other things you need to know about Bitcoin, check out the Getting Started page—a collection of essential Bitcoin information, guides, and reviews. How … Read more
The Internet is a networking infrastructure; it connects millions of computers together globally, forming a network in which any computer can communicate with any other computer connected to the network. Internet as Global Information Infrastructure It is an ever-growing wide area network of millions of computers and computer networks across the globe, which can exchange … Read more
An important aspect of EDI is the security of messages during the exchange. It should be ensured that the interchange of messages is reliable. Further aspects of security are: Controls in the EDI standards:- EDI standards include controls designed to protect against errors in the message and the corruption of message during the interchange. Controls … Read more