"Financing Process Considerations
Careful Orchestration will Streamline Underwriting Process Whilst Optimising Results"

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Tentative Hold Protocol

Overview

Current supply chain automation technologies provide automation of one-to-one business interactions. In the emerging supply lattice ecology, businesses interact with numerous other businesses in a highly automated fashion, acquiring and transferring resources in complex coordinated transactions. These transactions involve multiple businesses and require careful orchestration due to their strong interdependence. This section will describe Tentative Hold Protocol, showing how it can facilitate such orchestration.

Tentative Hold Protocol is an open, loosely coupled, messaging-based framework for the exchange of information between businesses prior to the actual transaction itself. Tentative Hold Protocol defines an architecture that allows tentative, non-blocking holds or reservations to be requested for a business' resource (e.g., the items for sale from an online retailer). In the paradigm of online purchasing, these lightweight reservations are placed prior to the sale, allowing multiple clients to place these holds on the same item (thus non-blocking). Whenever one client completes the purchase of the item the other clients receive notifications that their holds are no longer valid.