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05/28/2001 Archived Entry: "Consortia Set Web Services Standard"

ZDNet: Interactive Week: Consortia Set Web Services Standard
New consortia in the financial and health-care arenas are setting standards for online collaboration - and the spread of Web services.

Ten Wall Street securities firms have invested $40 million to set up EquiLend, an independent company that will operate a common platform for clearing securities trades. Separately, a group of 13 medical societies and three universities, including Johns Hopkins University, have formed MedBiquitous, a nonprofit organization that will develop standards and technological infrastructure to enable online certification, electronic research and error tracking.