CommerceNet said it has completed a demonstration of multivendor electronic data interchange on the Internet and entered the second phase of an ambitious initiative to promote business-to-business commerce over the World Wide Web.

CommerceNet, a Palo Alto, Calif.-based consortium of more than 200 corporations including major banks, said five EDI vendors in its program exchanged digitally signed data for the first time during the week of Jan. 20.

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