An Emerging Architecture Enabling Grid Based Application Service Provision

In this article we examine the integration three emerging trends in Information Technology (Utility Computing, Grid Computing, and Web Services) new Computing paradigm (Grid-based Application Service Provision) that is taking place in the context the European research project GRASP. In the first of the paper, we explain how the integration of emerging trends can support enterprises in creating competitive advantage. In the second part, we focus on Grid-based Application Service Provision (GRASP), which builds a new technologydriven business paradigm on top of such integration. We conclude by outlining plan for prototyping a GRASP platform in the context an ongoing European research project 1. From Application Service Provision to