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This paper presents an integrated development process for Web services. The key differences with the traditional software development are that this new process involves collaboration and cooperation among all parties involved: developers, brokers, and clients. The process defines a new way of developing trustworthy Web services based on the existing Internet infrastructure. The paper serves as a roadmap to research on Web services specification, discovery, ontology, composition, re-composition, testing, reliability assessing, ranking, and collaboration and cooperation among all parities involved in Web services research, development, and application.