Paperless Trading Infrastructure Technology Development in Hong Kong
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The document discusses the development of a paperless trading infrastructure in Hong Kong, highlighting advancements in e-commerce technologies such as the Hermes message gateway. It emphasizes the importance of open standards and software for reducing costs and enhancing efficiency in B2B transactions, while detailing local and international standardization efforts. The conclusion stresses the need for affordable and accessible technology, alongside government support for broader adoption of e-commerce solutions.
Paperless Trading Infrastructure Technology Development in Hong Kong
- 1. Paperless Trading Infrastructure Technology Development in Hong Kong 2005 APEC Symposium on the Assessment and Benchmark of Paperless Trading September 1-3, 2005, Beijing, China Mr. Thomas Lee Chief Technology Officer Center for E-Commerce Infrastructure Development The University of Hong Kong Hong Kong, China
- 2. Trading with FAX PO PO 1/9/2005 1/9/2005 ABC Co. ABC Co. order food order food Repetitive data entry and checking Low productivity Prone to human errors Making e-commerce everyday commerce 2 Center for E-commerce Infrastructure Development
- 3. Paperless Trading Fax machine for electronic documents? System-to-system data exchange 01010101 01010101 10101010 10101010 Manual data entry and 01010101 01010101 checking saved Accurate data exchange Human fraud avoided Round-the-clock operation Making e-commerce everyday commerce 3 Center for E-commerce Infrastructure Development
- 4. Paperless Trading Infrastructure Technology Software Message gateway for data exchange on Internet Factors for adoption: cost and complexity Standards Standards on communication protocols, electronic documents, business processes Factors for adoption: sanction, traction, openness, localization Making e-commerce everyday commerce 4 Center for E-commerce Infrastructure Development
- 5. eCommerce Software Infrastructure In 2002, HKSARG Innovation and Technology Commission funded CECID HK$9.5M (US$1.2M) Build ebXML software infrastructure in HK Very successful R&D project: Open-sourced software deliverables Hermes Message Gateway as flagship technology Lowered barriers for SMEs to do B2B e-commerce Widely adopted in HK and internationally Gained international recognitions Making e-commerce everyday commerce 5 Center for E-commerce Infrastructure Development
- 6. B2B EDI on the Internet EDI Private Network Order Doc EDI gateway EDI gateway (EDI) Buyer Seller Expensive !! With Hermes Internet Order Doc Hermes Hermes Buyer (XML) Seller Cost effective,for E-commerce Infrastructure Development Center affordable byeveryday commerce Making e-commerce SMEs !! 6
- 7. Cost of Ownership EDI * Hermes Initial cost US$40,000 – $80,000 (Unix FREE or Windows based) If running on Linux US$120,000 (mainframe) Programming cost US$40,000 - $120,000 US$3,000 (app development) Operational US$0.25 - $1 per document Internet subscription expenses (flat fee for unlimited usage) * Source: “The Total Economic Impact of EDI” by Forrester Research Making e-commerce everyday commerce 7 Center for E-commerce Infrastructure Development
- 8. Worldwide Adoption of Hermes Potentially largest user base among ebXML products Recorded downloads from 80+ economies (Australia, Canada, China, Chinese Taipei, Denmark, France, Germany, India, Korea, Japan, Macau, Myanmar, New Zealand, Singapore, Thailand, UK, USA, Vietnam, …) Integrate Hermes into products and services TIE (The Netherlands), Webswell (US), Crimsonlogic (Singapore), HK Govt EGIS Many production cases in local and overseas projects, e.g. Dairy Farm Group (HK large consumer goods retailer chain) HKSAR Government (G2B document submission) HMV HK MTRC (HK major subway operator) OOCL (international shipping company) Sony Music HK Daganet (Malaysia) Spherion Technology (IT consulting in Australia) Tedis (IT consulting Australia) Making e-commerce everyday commerce 8 Center for E-commerce Infrastructure Development
- 9. Electronic Invoicing Between Buyer and Supplier MTRC user orders via 2 Physical goods 3 MTRC user mark 4 E-invoice delivery 1 bigboXX web application delivery goods received via Hermes Procurement web application 3 1 1 1 Auto Auto User Browser Reconciliation Reconciliation Vendor Internet Backend System Electronic goods receiving intranet system 4 4 4 4 Hermes Hermes 2 2 Making e-commerce everyday commerce 9 Center for E-commerce Infrastructure Development
- 10. eCommerce Standards Infrastructure In 2004, HKSARG ITC funded CECID HK$14M (US$1.8M) to build e-business interoperability platform Methodology and tools for e-business information and process standardization Localized international standardization practices for adoption for many corporate and government data standardization projects Actively contributing to local and international e- commerce standardization Making e-commerce everyday commerce 10 Center for E-commerce Infrastructure Development
- 11. Local Standardization eGovernment data standardization Developed XML Schema Design and Management Guide under eGovernment Interoperability Framework HKSARG established Registry of Data Standards (www.xml.gov.hk) to manage common XML schemas e.g. person name, HKID, address, etc. Software vendors need to follow the Guide and standards to implement G2G and G2B projects Digital Trade and Transportation Network electronic document standardization DTTN Co. standardized 60+ trade documents in XML with industry and academia Contributed the standards to develop Universal Business Language 2.0 Making e-commerce everyday commerce 11 Center for E-commerce Infrastructure Development
- 12. Regional and International Standardization Hong Kong actively participates in ebXML Asia Committee (eAC) and OASIS Universal Business Language (UBL) To define cross-border trade standards in XML UBL Library defines common trade documents E.g. purchase order, invoice, despatch advice Localized in different languages, e.g. Chinese, Japanese, Korean, Spanish UBL v2 aims to develop all trade documents mentioned in APEC Paperless Trading Initiative paper HKSAR and Singapore contributed local standards to develop transport documents in UBL v2 Danish government mandates UBL for G2B invoicing Potential saving estimated to be 160M euros per year Making e-commerce everyday commerce 12 Center for E-commerce Infrastructure Development
- 13. FAX Machine for Electronic Documents OGCIO Dept B Dept C e-Government Web Services Infrastructure Hermes / ebXML Service (EGIS) HKSARG OGCIO Recruitment Issuance Shipping Clinics Agents Companies Agents B2B Hermes Connector (Hermes Linux Other Box) products Making e-commerce everyday commerce 13 Center for E-commerce Infrastructure Development
- 14. Conclusion Software and standards are core paperless trading infrastructure technology Technology must be affordable, simple, and open for wide adoption Open source and open standards Technology must be developed in a global perspective Government leadership in e-commerce adoption is a critical success factor Making e-commerce everyday commerce 14 Center for E-commerce Infrastructure Development
- 15. About CECID R&D Center under Faculty of Engineering in the University of Hong Kong Our mission: To create an infrastructure and environment that allows e-commerce to pervade large and small businesses through technology innovation, industry collaboration, and knowledge cultivation. 20+ full-time staffs to develop innovative e- commerce technology and provide R&D outsourcing services to the industry Making e-commerce everyday commerce 15 Center for E-commerce Infrastructure Development
- 16. Thank You Thomas Lee ytlee@cecid.hku.hk http://www.cecid.hku.hk