Method and system for virtual sealed-bid competitions held over a communications network

• US 20050234811A1
• Filed: 05/11/2005
• Published: 10/20/2005
• Est. Priority Date: 02/24/1999
• Status: Abandoned Application

• Current Assignee: Darren C. Henderson, Erick L. Burgess, Joseph A. Herman
• Original Assignee: Darren C. Henderson, Erick L. Burgess, Joseph A. Herman
• Inventors: Henderson, Darren C., Herman, Joseph A., Burgess, Erick L.
• Application Number:
  US11/126,957
• Publication Number:
  US 20050234811A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A computer-implemental method of transacting a sealed bid competition has deadline-assurance process which in part upholds the integrity of the sealed bid competition. In a sealed bid competition, a buyer originates a “request for bid” communication that specifies bid items as well as includes a parameter of deadline. Participating vendors respond with “response” communications that contain substantive content presumptively responsive to the “request for bid” communication. The object of a sealed bid competition is to keep everyone, including especially the buyer, blind to the bid responses of everyone else until after the deadline. The deadline-integrity process has the buyer either precluded from access to the “response” communications until the deadline or else has the buyer'"'"'s activity with accessing the “response” communications is logged so that such log record can thereafter disclose if the buyer voluntarily restrained itself from accessing the “response” communications until after the deadline.

Claims

1-21. -21. (canceled)

22. A method of transacting a sealed bid competition over the Internet, comprising the steps of:

providing a requester that is intending to hold a sealed bid competition with computer-implemented means for originating a “

request for bid”

communication that includes bid data as well as a parameter of deadline;

providing a plurality of vendors with access to the “

request for bid”

communication by means of the Internet;

providing those vendors which choose to respond by the deadline with computer-implemented means for responding with “

response”

communications containing substantive content presumptively responsive to the “

request for bid”

communication;

providing a data storage device and a computer-implemented process for writing data to the storage device in a form which is substantially un-editable by the requester;

providing the requester with a computer-implemented opening process to open the “

response”

communications including the substantive content thereof, without computer-implemented restraint thereto and without requester'"'"'s discretion being subject to the control of any other party, whereby the requester'"'"'s voluntary restraint is relied upon to assure requester doesn'"'"'t open the substantive content until some time determined from the deadline;

providing the buyer with computer-implemented means for originating an informal message and utilities for broadcast transmission of, during the time period between origination of the “

request for bid”

communication and accessing the substantive content of any vendor'"'"'s “

response”

communication, such informal message to all of the plurality of vendors whose respective contact data was known or otherwise supplied to the buyer previous to the instance of the broadcast transmission; and

providing a computer-implemented log process that operates automatically with the computer-implemented opening process that writes data comprising a log record to the storage device in the form that is substantially un-editable by the requester automatically with the requester'"'"'s use of the computer-implemented opening process such that the requester'"'"'s activity with opening at least the substantive content of the “

response”

communications is logged so that such log record can be audited after-the-fact to disclose if the requester voluntarily restrained itself from opening at least the substantive content of the “

response”

communications until the lapse of the some time determined from the deadline.

23. The method of claim 22, wherein:

the log process comprises providing an intermediary Internet resource to which the responding vendors commit the “

response”

communications, such that the intermediary Internet resource can log the requester'"'"'s activity with at least the substantive content of the “

response”

communications so that such log record can thereafter disclose if the requester voluntarily restrained itself from opening at least the substantive content of the “

response”

communications until the lapse of some time determined from the deadline.

24. The method of claim 23, wherein:

the intermediary Internet resource comprises one or more Internet sites.

25. The method of claim 22, wherein:

the computer-implemented means for responding includes encrypting the “

response”

communications such that decryption requires access to a specific decryption key; and

the log process comprises providing a trusted party with said specific decryption key, such that said trusted party can log the requester'"'"'s activity with said specific decryption key so that such log record can thereafter disclose if the requester voluntarily restrained itself from accessing said specific decryption key until the lapse of some time determined from the deadline.

26. The method of claim 25, wherein:

the trusted party comprises an intermediary Internet resource, which may include one or more Internet sites.

27. The method of claim 22, wherein:

the computer-implemented means for responding includes encoding or compressing the “

response”

communications such that decoding or decompressing requires access to a specific decoding or decompressing object; and

the log process comprises providing a trusted party with said decoding or decompressing object, such that said trusted party can log the requester activity with said decoding or decompressing object so that such log record can thereafter disclose if the requester voluntarily restrained itself from accessing said decoding or decompressing object until the lapse of some time determined from the deadline.

28. The method of claim 27, wherein:

decoding or decompressing objects can comprise any of passwords, algorithms, or hyper-link branches to an Internet address.

29. The method of claim 22, wherein:

wherein the log record is committed to machines of the requester'"'"'s at the instance(s) of the requester'"'"'s opening activities with respect to the “

response”

communications such that the log record is undesirably vulnerable to unauthorized deletion, corruption or other manipulation.

30. The method of claim 22, wherein:

the “

request for bid”

communication is contained in one or more web pages.

31. The method of claim 22, wherein:

the lapse of some time determined from the deadline means a time concurrent with or later than the deadline.