Furthermore, XML carries its own data schema with it, and can share schema across the Internet, making it available to everyone. XML also makes data sharing for all applications possible. Microsoft has adopted XML in all of its products. Internet technologies now provide the potential for extending electronic commerce to Government and individuals. The new definition of electronic commerce will involve electronic money and transactions accomplished entirely through computer storefronts, with little or no human involvement in the processing of the transaction.
Internet based applications are few, but emerging at an accelerated rate.
Today, the OSC and many of the State agencies are pursuing numerous internet based initiatives such as electronic funds transfer, electronic payments, electronic malls, electronic catalogs, and various other electronic business opportunities.