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Use of formal techniques for verifying the security features of electronic commerce protocols would facilitate, the enhancement of reliability of such protocols, thereby increasing their usability. This paper projects the application of logic programming techniques for formal verification of a well referred security and transactions protocol, the Net Bill. The paper uses ALSP (Action Language for Security Protocols) as an efficient formal specification language and SMODELS a model generator to formally analyze and plan attacks on the protocol. Electronic commerce enables business transactions through the internet, when a direct interaction between the parties in a business deal is seemingly difficult.
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