• KIPS Transactions on Computer and Communication Systems
• /
• v.11 no.8
• /
• pp.269-280
• /
• 2022

With the rise of a decentralized finance market (so called, DeFi) using blockchain technology, users and capital liquidity of decentralized finance applications are increasing significantly. The Automated Market Maker (AMM) is a protocol that automatically calculates the asset price based on the liquidity of the decentralized trading platform, and is currently most commonly used in the decentralized exchanges (DEX), since it can proceed the transactions by utilizing the liquidity pool of the trading platform even if the buyers and sellers do not exist at the same time. However, Automated Market Maker have some disadvantages since the cost efficiency of each transaction using Automated Market Maker depends on the liquidity size of some liquidity pools used for the transaction, so the smaller the size of the liquidity pool and the larger the transaction size, the smaller the cost efficiency of the trade. To solve this problem, some platforms are adopting Transaction Path Routing Algorithm that bypasses transaction path to other liquidity pools that have relatively large size to improve cost efficiency, but this algorithm can be further improved because it uses only a single transaction path to proceed each transaction. In addition to just bypassing transaction path, in this paper we proposed a Multi-Path Routing Algorithm that uses multiple transaction paths simultaneously by distributing transaction size, and showed that the cost efficiency of transactions can be further improved in the Automated Market Maker-based trading environment.

• IE interfaces
• /
• v.18 no.1
• /
• pp.44-51
• /
• 2005

The rapid expansion of the Internet-related technology has changed the current commercial transaction process. In the physical commercial transaction, most deals are accomplished through the negotiation process except a fixed price system. Thus, the negotiation is essential to conclude the business transactions. Especially, under the e-commerce environment, an automated negotiation system is necessary to respond quickly and flexibly to the diverse environmental changes and also to perform negotiations consistently and effectively. To this end, we develop an automated negotiation system using multi-agent technology. This new system includes such functions as creating negotiation proposals automatically, evaluating the counterpart’ proposals, and preparing counter offers.

• Journal of Information Technology Services
• /
• v.18 no.2
• /
• pp.143-159
• /
• 2019

Machine learning (ML) is a method of fitting given data to a mathematical model to derive insights or to predict. In the age of big data, where the amount of available data increases exponentially due to the development of information technology and smart devices, ML shows high prediction performance due to pattern detection without bias. The feature engineering that generates the features that can explain the problem to be solved in the ML process has a great influence on the performance and its importance is continuously emphasized. Despite this importance, however, it is still considered a difficult task as it requires a thorough understanding of the domain characteristics as well as an understanding of source data and the iterative procedure. Therefore, we propose methods to apply deep learning for solving the complexity and difficulty of feature extraction and improving the performance of ML model. Unlike other techniques, the most common reason for the superior performance of deep learning techniques in complex unstructured data processing is that it is possible to extract features from the source data itself. In order to apply these advantages to the business problems, we propose deep learning based methods that can automatically extract features from transaction data or directly predict and classify target variables. In particular, we applied techniques that show high performance in existing text processing based on the structural similarity between transaction data and text data. And we also verified the suitability of each method according to the characteristics of transaction data. Through our study, it is possible not only to search for the possibility of automated feature extraction but also to obtain a benchmark model that shows a certain level of performance before performing the feature extraction task by a human. In addition, it is expected that it will be able to provide guidelines for choosing a suitable deep learning model based on the business problem and the data characteristics.

• Journal of Information Technology Services
• /
• v.7 no.2
• /
• pp.1-12
• /
• 2008

The development of IT and explosively growing number of Internet users are rapidly spreading and developing e-commerce, while creating diverse on-line transaction methods such as a negotiation, a reverse auction, and a bid. Among these transaction methods, the transactions by means of a negotiation are being made for goods that have no posted price. In particular, the transactions by means of a negotiation are expected to be widely used in the B2B. In order to determine their transportation costs, shippers usually make negotiations with many transporters and logistics companies. And before long, these negotiations are expected to be made on an on-line automated negotiation system. Because of this, this study has tried to develop an automated negotiation methodology that is absolutely necessary for an on-line automated negotiation. This study has estimated and selected the evaluation functions for multi-lateral negotiators' proposals, thus developing an automated negotiation methodology. As a result of this study, a new direction for an automated negotiation has been suggested. Also we expect that this study will be widely used in the automated negotiation of diverse fields.

• The Journal of Korean Institute of Communications and Information Sciences
• /
• v.31 no.4B
• /
• pp.285-290
• /
• 2006

Various aspects should be taken into account while developing a distributed architecture based on a multi-tier model or an enterprise architecture. Among those, the separation of role between page designer and page developer, defining entity which is used for database connection and transaction processing are very much important. In this paper, we presented DONSL(Data Server of Non SQL query) architecture to solve these problems applying web tier object modelling. This architecture solves the above problems by simplifying tiers coupling and removing DAO(Data Access Object) and entity from programming logic. We concentrate upon these three parts. One is about how to develop the DAO not concerning the entity modification, another is automatic transaction processing technique including SQL generation and the other is how to use the AET/MET(Automated/Manual Execute d Transaction) effectively.

• International Commerce and Information Review
• /
• v.10 no.1
• /
• pp.139-154
• /
• 2008

This research want to discuss some issues about payment system of America. This research focuses on comparing ACH with Fedwire. Firstly Fedwire is the payment system for only large-dollar transfer(Large-Value Transfer System; LVTS), while ACH(Automated Clearing House)payment mainly applies a consumer account. Secondly ACH transaction is either credit or debit transfer, while Fedwire is only credit transfer. Thirdly the communication system of Fedwire has twoway method, telephonelike communication network, but ACH is oneway store and forward electronic mail. At present LVTS divides into RTGS(Real-Time Gross Settlement) and DNS(Deferred Net Settlement). However Fedwire uses either RTGS(instantaneous for every transaction) or DNS(net net transaction) but ACH uses only DNS(net net transaction). Fourthly ACH is substantially cheaper than the Fedwire payment. lastly security is important in both Fedwire and ACH, it is even more crucial in Fedwire In addition, for each transaction, Fedwire may entail individual instantaneous confirmation to the originator and notification to the receiver, whereas ACH do not.

• Journal of Institute of Control, Robotics and Systems
• /
• v.10 no.11
• /
• pp.1058-1064
• /
• 2004

This paper presents a distributed precedence queue mechanism to resolve unexpected transmission delay of a lower priority transaction in a CAN based system, which keeps a fixed priority in data transaction. The mechanism is implemented in the upper sub-layer of the data link layer(DLL), which is fully compatible with the original medium access control layer protocol of CAN. Thus the mechanism can be implemented dynamically while the data transactions are going on without any hardware modification. The CAN protocol was originally developed to be used in the automotive industry, and it was recently applied for a broader class of automated factories. Even though CAN is able to satisfy most of real-time requirements found in automated environments, it is not to enforce either a fair subdivision of the network bandwidth among the stations or a satisfactory distribution of the access delays in message transmission. The proposed solution provides a superset of the CAN logical link layer control, which can coexist with the older CAN applications. Through the real experiments, effectiveness of the proposed mechanism is verified.

• Korean Business Review
• /
• v.13
• /
• pp.207-221
• /
• 2000

In this era of changing system, we may learn lesson from newly developed Uniform Electronic Transation Act(UETA) in 1999. Korea has its counterpart as the Basic Electronic Transaction Act and Electronic Signature Act made by 1999. While UETA stresses on transaction law between individuals, that of Korean stresses on the role of government in electronic transaction. Both laws have the common definitions as electronic record, electronic signature, however, UETA has its own definitions such as automated transaction, computer program, electronic agent, information, information processing system, and security procedure. Especially, transferable record in section 16 is one of the most unique concept which Korean law does not provide. Korean government is planning to introduce electronic note in the near future, which will make unprecedented reform in Korean financial industry. Since Korean law does not have such a concept as electronic note, revision of the law is expected soon. Korean law has its specialty which puts stress on cyber mall, authentication agency, and consumer protection. In U.S., the interpretation of law by court is important when they have disputes according to common law traditon. Studies on cases on disputes in U.S. is needed most for Korean application.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
• /
• v.73
• /
• pp.21-42
• /
• 2017

A BPO is an irrevocable undertaking given by an Obligor Bank acting on behalf of the buyer to a Recipient Bank acting on behalf of the seller to pay on satisfaction of certain specified conditions. There have been a Trade Service Utility(TSU), a Transaction Matching Application(TMA) and ISO 20022 TSMT messages that core electronic technical systems linked to the BPO. As a key usefulness of the BPO, it brings to market an alternative means of satisfying the risk mitigation, financing and information management needs of banks and businesses engaged in trade. That is, corporates can spread the risk among multiple Obligor Banks by requesting multiple BPOs for the same trade transaction not to exceed the value of the initial transaction. Since the BPO replaces the manual document checking process with the electronic matching of data, buyers and sellers will benefit from significantly increased accuracy and objectivity. By using BPO, buyers and sellers can become trusted counterparties by demonstrating reliability and giving sellers the assurance of being paid on time as per the payment terms and conditions agreed. When compared to L/C, the BPO requires submission of data only. This requires a change of practice of those accustomed to dealing with physical documentation. The beneficiary of a BPO is the Recipient Bank which is always the Seller's Bank. In the meantime, banks will need to agree between themselves that the URBPO 750 will be applied, modified or excluded. However, customers of banks will face low transactional costs due to a fully automated process and standardized data formats used in international trade documentation. There is no amendment and cancellation rules in the URBPO 750s, but only have Assignment of Proceeds rules. As a result, the BPO is likely to enable new business opportunities, lower costs, fast transaction process and strengthen key customer relationships.

• Proceedings of the Korean Operations and Management Science Society Conference
• /
• 2003.05a
• /
• pp.772-779
• /
• 2003

In the real world, business processes are very complex and composed or heterogeneous business activities. As the advent or the Web services enables business processes to be Integrated and to be automated. It makes enterprises integrate heterogeneous business processes from different business partners as well as their internal business processes. To support recent trends in integration of business processes, BPEL, WS-E and WS-T specipications have been established since 2002 WS-C and WS-T describe the reliable business environment including compensation (undo) or completed business processes. The compensation of business processes is a basic requirement for automation or business processes among business partners. Systems implementing these specifications, however, very rarely exist. It's not only because those specifications are developed recently. but also because they are not perfect yet. In this paper, a new business process transaction management, which complements the deficiency of WS-E and WS-T, is suggested. Furthermore, the new approach proposes the business logics for supervisory coordinators which manage serial and parallel business gates The modification or traditional WS-T specification and the simplification or WS-E specification make business processes managed effectively.