E-Collaboration Issues in Global Trade, Transactions, and Practices

E-collaboration goes beyond ordinary buying and selling activities. It includes information sharing and integration, decision-making, as well as process and resource allocation among people and organizations via the Internet, e-mail, web, video, and wireless devices to achieve optimal productivity and high performance. It promotes international commerce, expands trade, and facilitates financial transactions through electronic media. Even though paper transactions are now a thing of the past, most legal documents, attestations, and affidavits are still done in paper form. This paper summarizes issues involved in e-collaboration with regard to trade such as time, currency, etransactions, tracking, security, fault tolerance, and process models. Finding effective solutions for these problems as well as identifying opportunities and challenges provides a pivotal task in facilitating, promoting, and expanding international and local trade as this summary entails.