Automatic multibusiness transactions

Abstract

The Tentative Hold Protocol (THP) helps automate the coordination of multi-business interactions, providing cost savings and enabling new business models in the process. Automating the exchange of critical information using this protocol prior to a transaction decreases the effect of outdated data, reduces the potential for cancellations, and improves the odds of successfully completing transactions. This article describes THP, explains how to use it synergistically with other technologies, describes some scenarios from different industries in which it could be applied, and provides greater technical detail about its components and limitations.