Online electronic media exchange system and method
First Claim
1. A method of online trading for electronic media from an available trading pool, the method comprising the steps of:
- (a) registering an electronic media by a member for submission into the trading pool;
(b) generating a trading score for the registered electronic media;
(c) creating a prioritized trading list for the registered electronic media based upon the trading score;
(d) submitting the registered electronic media into the trading pool;
(e) selecting from the trading pool an electronic media on the trading list;
(f) updating the change in ownership for the selected electronic media and (g) delivering to the at least one consumer the selected electronic media.
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Abstract
The present invention provides a method and system of online trading of electronic media (i.e. CD'"'"'s and DVD'"'"'s containing movies and music. The method includes the steps of registering personal and rating information of an electronic media to be submitted for trading. A trading score is generated for the registered electronic media. A prioritized trading list is created based upon the trading score. The registered electronic media is then submitted into the pool for trading. From the trading list, an electronic media is selected to be exchanged for the submitted electronic media. Finally, the selected electronic media is delivered to the customer.
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Citations
28 Claims
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1. A method of online trading for electronic media from an available trading pool, the method comprising the steps of:
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(a) registering an electronic media by a member for submission into the trading pool;
(b) generating a trading score for the registered electronic media;
(c) creating a prioritized trading list for the registered electronic media based upon the trading score;
(d) submitting the registered electronic media into the trading pool;
(e) selecting from the trading pool an electronic media on the trading list;
(f) updating the change in ownership for the selected electronic media and (g) delivering to the at least one consumer the selected electronic media. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 21, 22, 23, 24, 25, 26, 27, 28)
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10. A system of online trading for electronic media from an available trading pool, the system comprising:
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a membership management component operative to register an electronic media for a member, the registered media being submitted into the trading pool for exchange;
a rating mechanism component operative to generate a trading score for the registered electronic media and to create a prioritized trading list for the registered electronic media;
a matching component operative to select from the trading pool an electronic media that matches an electronic media on the prioritized trading list;
a pooling facility management component operative to manage the exchange between the trading pool and the member; and
a delivery mechanism component operative to deliver the selected electronic media to the member. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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19. A computer readable medium having computer-executable instructions for performing a method of online trading for electronic media from an available trading pool, the method comprising the steps of:
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(a) registering an electronic media by a member for submission into the trading pool;
(b) generating a trading score for the registered electronic media;
(c) creating a prioritized trading list for the registered electronic media based upon the trading score;
(d) submitting the registered electronic media into the trading pool;
(d) selecting from the trading pool an electronic media on the trading list;
(e) updating the change in ownership for the selected electronic media and (f) delivering to the at least one consumer the selected electronic media.
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20. A system implemented on a computer network for online trading of electronic media from an available trading pool, the system comprising:
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a client machine and a server machine;
the client machine being programmed to access the server machine to;
(a) register an electronic media by a member for submission into the trading pool;
(b) generate a trading score for the registered electronic media;
(c) create a prioritized trading list for the registered electronic media based upon the trading score;
the server machine programmed to;
(d) accept the submitted the registered electronic media into the trading pool;
(e) select from the trading pool an electronic media on the trading list;
(f) update the change in ownership for the selected electronic media and (g) deliver to the at least one consumer the selected electronic media.
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Specification