METHOD AND SYSTEM FOR WEB-BASED INCENTIVE ACQUISITION MARKET MAKING
First Claim
1. A method of making a market within a host data processing system, said method comprising the steps of:
- (a) establishing a data base, said data base further comprising data relative to a commodity that is available, said data posted by a commodity agent;
(b) determining a bounty to be paid to a transaction agent, by said commodity agent, for a successful acquisition of said commodity by a third party;
(c) posting a description of said commodity, together with a listing of said bounty, on said data processing system for review by a remote node through an internet connection in cooperation with said data processing system;
(d) running a matching routine for said posted description with one or more needs descriptions posted by a potential transaction agent of said commodity; and
(i) if a match is determined between said one or more needs descriptions and said described commodity then creating a contract in respect of said match;
or(ii) if no match is determined between said one or more needs descriptions and said described commodity, then maintaining said posted description in said data base for use in a future running of said matching routine; and
(e) causing said bounty to be payable by said commodity agent to said transaction agent in respect of said contract to complete a transaction.
0 Assignments
0 Petitions
Accused Products
Abstract
A method and system for web-based incentive acquisition of material and non-material items is proposed involving an originator designating a desired acquisition interacting with a central host controller or manager system. An electronic system allows an originator to define a commodity or service and set an initial bounty, transferable to a system-member-participant who assists such acquisition upon proof of such assistance. Variations of the present system enable adaptation to employment, personal property, and service circumstances. An alternative module enables a financial rating and a reliability rating for both system members and participants. A financial module allows for holding of deposit funds or value offered for consideration of action in enabling the formation of a binding contract.
-
Citations
20 Claims
-
1. A method of making a market within a host data processing system, said method comprising the steps of:
-
(a) establishing a data base, said data base further comprising data relative to a commodity that is available, said data posted by a commodity agent; (b) determining a bounty to be paid to a transaction agent, by said commodity agent, for a successful acquisition of said commodity by a third party; (c) posting a description of said commodity, together with a listing of said bounty, on said data processing system for review by a remote node through an internet connection in cooperation with said data processing system; (d) running a matching routine for said posted description with one or more needs descriptions posted by a potential transaction agent of said commodity; and (i) if a match is determined between said one or more needs descriptions and said described commodity then creating a contract in respect of said match;
or(ii) if no match is determined between said one or more needs descriptions and said described commodity, then maintaining said posted description in said data base for use in a future running of said matching routine; and (e) causing said bounty to be payable by said commodity agent to said transaction agent in respect of said contract to complete a transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
-
-
12. A system for making a market within a host data processing system, said system comprising:
-
(a) a data base, said data base further comprising; (i) data posted by a commodity agent relative to a commodity that is available, said data further comprising a bounty to be paid to a transaction agent for a successful acquisition of said commodity by a third party; (ii) a posted description of said commodity, together with a listing of said bounty, for review by a remote node through an internet connection in cooperation with said data processing system; (b) a matching routine for matching said posted description with one or more needs descriptions posted by a potential transaction agent; and (i) if a match is determined between said one or more needs descriptions and said described commodity then creating a contract in respect of said match, causing said bounty to be payable by said commodity agent to said transaction agent in respect of said contract to complete a transaction; and (ii) if no match is determined between said one or more needs descriptions and said described commodity, then maintaining said posted description in said data base for use in a future running of said matching routine. - View Dependent Claims (13, 14, 15, 16, 17, 18)
-
-
19. A system enabling operation of a web-based incentive commodity acquisition routine, said routine involving an originator designating a desired commodity, interacting with a central host controller or manager system, said system comprising:
-
(a) a host manager system means for enabling communication and interaction with an originator seeking module means seeking said designated desired commodity, said host manager system means further comprising; (i) an operable database of one or more participants; (ii) a query generator management module for managing originating queries from an originator and from one or more participants other than said originator; (iii) a communication controller module for enhancing communication between defined modules and said one or more participants in said system; and (iv) a facilitator controller module for facilitating enhanced and secure communication between said defined modules and at least one of said one or more participants; and (b) a plurality of electronic communication pathways between said host manager system means and said originator seeking module enabling a transfer of at least one desired commodity designation. - View Dependent Claims (20)
-
Specification