Trading services in ontology-driven markets

Abstract

In order to realize the vision of a full-fletched service oriented architecture efficient service discovery and allocation is required to coordinate the interplay between service providers and requesters. This paper presents the architecture of an ontology-driven market for trading Semantic Web Services. An auction schema is enriched by a set of components enabling semantics based matching as well as price-based allocations. Moreover, an approach for reducing the complexity of the auction system by means of background knowledge is proposed.