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

  • US 20100076861A1
  • Filed: 11/30/2009
  • Published: 03/25/2010
  • Est. Priority Date: 02/24/1999
  • Status: Abandoned Application
First Claim
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1. A method of transacting a sealed bid purchase competition over the Internet, comprising the steps of:

  • providing a buyer that is intending to hold a sealed bid purchase competition with a machine having a data storage device and a connection to the Internet as well as providing the buyer'"'"'s machine 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 the buyer'"'"'s machine with a computer-implemented process for writing data to the buyer'"'"'s machine'"'"'s storage device in a form which is substantially un-editable by the buyer;

    providing the buyer'"'"'s machine with a computer-implemented opening process to open the “

    response”

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

    providing the buyer'"'"'s machine 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 the buyer'"'"'s machine a computer-implemented log process that operates automatically with the computer-implemented opening process that writes data comprising a log record that is committed to the buyer'"'"'s machine'"'"'s storage device in the form that is substantially un-editable by the buyer automatically with the buyer'"'"'s use of the computer-implemented opening process such that the buyer'"'"'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 buyer 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.

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