Soon, these communities will evolve into gigantic emarkets. Each has a primary goal. By bringing together buyers and sellers with a common interest, an electronic trading market takes shape. We are still awaiting more open forms of these electronic markets. Digital cooperative exchanges These borrow a page from successful farming cooperative models.
Digital cooperatives prosper by serving the needs of their members within a vertical industry.
The goal is to synchronize the exchange of certain business processess across participating organizations within a value chain. For example, streamlining the planning, forecasting, and replenishment of goods between manufacturers and retailers is known to be a critical factor with significant associated cost savings. The plan is to share existing knowledge in order to standardize 29 interorganizational business processes and bring a heightened efficiency to business interactions. Open emarkets Perhaps the nirvana of the Net economy is one in which any business would have an equal chance of competing anywhere in the world by adhering to known electronic business rules of engagement. If electronic business rules could transcend particular entities, we would have open emarkets in the same way that we have open skies for flying.