Service Based Certificate
First Claim
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1. A method comprising:
- associating a service based certificate with an available resource;
selling service based certificates to end users;
maintaining an exchange rate for exchanging the service based certificates for the resource; and
updating the exchange rate in response to changes in the availability of the resource.
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Abstract
A claim on service or service based certificate (SBC) is a new form of currency. The SBC is non-fiat and not tied to a commodity. Rather, SBCs are valued in relation to a value-added resource that grows with economic advancement or other increases in technology. In exemplary embodiments, the SBC is valued with regard to computing power and, as such, increases, decreases or is otherwise altered in value with advancements in computing power. Over any given period of time, the value of an SBC may increase, decrease or remain steady based on advancements in computing power or changes in related financial or economic conditions.
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Citations
20 Claims
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1. A method comprising:
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associating a service based certificate with an available resource; selling service based certificates to end users; maintaining an exchange rate for exchanging the service based certificates for the resource; and updating the exchange rate in response to changes in the availability of the resource. - View Dependent Claims (2, 3)
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- 4. A service based certificate comprising an economic note that is valued in relation to a resource that increases with advancements in technology.
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11. A system comprising:
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storing in a database a service based certificate associated with an available resource; selling service based certificates to end users and noting the sales in the database; maintaining an exchange rate for exchanging the service based certificates for the resource; updating the exchange rate in response to changes in the availability of the resource; and displaying the exchange rate on a display. - View Dependent Claims (12, 13)
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- 14. A service based certificate comprising an electronically stored economic note that is valued in relation to a resource that increases with advancements in technology.
Specification