Information transfer between or among commodity businesses

• US 20020069125A1
• Filed: 05/24/2001
• Published: 06/06/2002
• Est. Priority Date: 05/30/2000
• Status: Abandoned Application

• Current Assignee: 1stAg, Inc. (Farms.com Ltd.)
• Original Assignee: 1stAg, Inc. (Farms.com Ltd.)
• Inventors: Helms, Hal Bryant, Hansen, Dana Eric, Bruck, Jeremy Alan
• Application Number:
  US09/865,188
• Publication Number:
  US 20020069125A1
• Time in Patent Office: Days
• US Class Current: 705/26
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/188 Electronic negotiation

Abstract

A method to transfer information among or between parties for a commodity contract includes: A) providing at least one application service provider (ASP) control site, and at least one adapter at a remote site; B) inputting data about a transaction involving at least one party to the transaction to the ASP control site; C) if necessary, electronically communicating from the ASP control site and through the adapter to the at least one party; C) if necessary, receiving instructions or data at the ASP control site through the adapter from the at least one party; and E) processing the data and/or instructions at the ASP control site. The method can be practiced through a global computer communications network, and is well adapted for agricultural commodity transactions and those conducted through an exchange.

Claims

1. A method to transfer information among or between parties for a commodity contract, which is comprised of the following:

providing at least one application service provider (ASP) control site, and at least one adapter at a remote site;

inputting information (data) about a transaction involving at least one party to the transaction to the ASP control site;

if necessary, electronically communicating from the ASP control site and through the adapter to the at least one party;

if necessary, receiving instructions or data at the ASP control site through the adapter from the at least one party; and

processing the data and/or instructions at the ASP control site.

2. The method of claim 1, wherein information is transmitted from a commodity exchange.

3. The method of claim 1, wherein electronic communication through a global computer communications system is employed.

4. The method of claim 1, wherein business-to-business information is exchanged.

5. The method of claim 4, which employs direct business-to-business workflow.

6. The method of claim 5, wherein the direct business-to-business workflow employs adapter-to-adapter communication.

7. The method of claim 4, wherein electronic communication through a global computer communications system is employed.

8. A method to transfer information among or between parties for an agricultural commodity contract, which is comprised of the following:

providing at least one application service provider (ASP) control site, and at least one adapter at a remote site;

inputting information (data) about a transaction involving at least one party to the transaction to the ASP control site;

if necessary, electronically communicating from the ASP control site and through the adapter to the at least one party;

if necessary, receiving instructions or data at the ASP control site through the adapter from the at least one party; and

processing the data and/or instructions at the ASP control site.

9. The method of claim 8, wherein information is transmitted from an agricultural commodity exchange.

10. The method of claim 9, wherein electronic communication through a global computer communications system is employed.

11. The method of claim 8, wherein business-to-business information is exchanged.

12. The method of claim 9, wherein business-to-business information is exchanged.

13. The method of claim 11, wherein business-to-business information is exchanged employing direct business-to-business workflow.

14. The method of claim 13, wherein the direct business-to-business workflow employs adapter-to-adapter communication.

15. The method of claim 8, wherein electronic communication through a global computer communications system is employed.

16. The method of claim 12, wherein electronic communication through a global computer communications system is employed.

17. The method of claim 14, wherein electronic communication through a global computer communications system is employed.

19. The method of claim 18, wherein electronic communication through a global computer communications system is employed.

20. The method of claim 19, wherein the commodity is agricultural, and the contract is obtained through an exchange.

18. A method to transfer information among or between parties for a commodity contract, which method comprises:

providing at least one application service provider (ASP) control site, and at least one adapter at a remote site;

inputting information about a transaction involving at least one party to the transaction to the ASP control site;

electronically communicating from the ASP control site and through the adapter to the at least one party;

receiving instructions or data at the ASP control site through the adapter from the at least one party; and

processing the instructions at the ASP control site.