Trust and risk evaluation of transactions with different amounts in Peer-to-Peer E-commerce environments

Yan Wang*, Fu Ren Lin

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contribution

18 Citations (Scopus)

Abstract

As Peer-to-Peer (P2P) e-commerce environments lack central management, prior to new transactions with an unknown peer, the trust evaluation becomes a very important concern, which relies on the transaction history data. Traditionally the evaluation process is based on other peers' recommendations neglecting transaction amounts. This may lead to the bias to the transaction trust evaluation and risk the new transaction, which may occur between unknown peers. This paper presents a novel model for transaction trust evaluation, which distinguishes transaction amounts and thus computes different impact factors when analyzing old transactions and computing trust values. As a result, the trust evaluation becomes more accurate, which is dependant on transaction history, the amounts of old transactions, the amount of the new transaction, and the temporal dimension. Therefore the obtained trust value can be taken as the risk indication of the forthcoming transaction.

Original languageEnglish
Title of host publicationProceedings - IEEE International Conference on e-Business Engineering, ICEBE 2006
EditorsWei-Tek Tsai, Jen-Yao Chung, Muhammad Younas
Place of PublicationPiscataway, NJ
PublisherInstitute of Electrical and Electronics Engineers (IEEE)
Pages101-109
Number of pages9
ISBN (Print)0769526454, 9780769526454
DOIs
Publication statusPublished - 2006
EventIEEE International Conference on e-Business Engineering, ICEBE 2006 - Shanghai, China
Duration: 24 Oct 200626 Oct 2006

Other

OtherIEEE International Conference on e-Business Engineering, ICEBE 2006
CountryChina
CityShanghai
Period24/10/0626/10/06

Bibliographical note

Copyright 2006 IEEE. Reprinted from Proceedings of the 2006 IEEE International conference on e-business engineering (ICEBE 2006). This material is posted here with permission of the IEEE. Such permission of the IEEE does not in any way imply IEEE endorsement of any of Macquarie University’s products or services. Internal or personal use of this material is permitted. However, permission to reprint/republish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution must be obtained from the IEEE by writing to pubs-permissions@ieee.org. By choosing to view this document, you agree to all provisions of the copyright laws protecting it.

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    Wang, Y., & Lin, F. R. (2006). Trust and risk evaluation of transactions with different amounts in Peer-to-Peer E-commerce environments. In W-T. Tsai, J-Y. Chung, & M. Younas (Eds.), Proceedings - IEEE International Conference on e-Business Engineering, ICEBE 2006 (pp. 101-109). [4031639] Piscataway, NJ: Institute of Electrical and Electronics Engineers (IEEE). https://doi.org/10.1109/ICEBE.2006.102