The Industrial Internet Consortium Announces AI Testbed Negotiation Automation Platform

By Chantal Polsonetti

Category:
Company and Product News

The Industrial Internet Consortium (IIC) announced the Negotiation Automation Platform Testbed, led by IIC member NEC Corporation with support from IIC members Kabuku Inc., Fraunhofer IOSB, and Korea Electronics Technology Institute (KETI).

The IIC Negotiation Automation Platform Testbed uses a variety of AI infrastructure technologies, which automatically negotiate with each other, in order to find mutually agreeable contract terms.  In the future, the testbed aims to promote standardization activities that support the growth of AI throughout society.

How the IIC Negotiation Automation Platform Testbed Works

Each company that makes or receives an order is provided with a negotiation AI agent through the IIC Negotiation Automation Platform.  The AI agent searches for terms and conditions that can be agreed upon by both parties by using standardized protocols, data formats, and lexical definitions.  If both parties agree, it will be understood to be contracted automatically.  Even if agreed, the final contract will be carried out by human users.

The IIC Negotiation Automation Platform reportedly makes it easier for both parties to a find win-win condition and helps to make the manufacturing and logistics value chain efficient and flexible.

Other participants on the IIC Negotiation Automation Platform Testbed team include Oki Electric Industry Co., Ltd., Toyota Tsusho Corporation and the National Institute of Advanced Industrial Science and Technology (AIST).

More information can be found at IIC Negotiation Automation Platform Testbed

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