What is the importance of XML into EDI and electronic commerce?

XML has been explained as lightweight SGML:

XML demonstrates great promise for its inherent capability to permit a “document” to be marked up within a way that pieces of the document as object are internally described and after that “nested” in other objects to demonstrate related attributes XML tags also permit you to apply various style sheets, that is to create a Web site; make a CD-ROM publication; and build a printed source.

XML is on the horizon and gives new opportunities for the content of manage.

Undoubtedly, the reusability of objects along with XML is very attractive. It may lead to powerful results through integrating the features of HTTP and CORBA. HTTP permits building a system that is independent of the data being transferred. It supports the data exchange format among the systems.

And, therefore is the promise of using XML like a standard for Electronic Data Interchange (EDI).