Service Based Certificate

• US 20130073434A1
• Filed: 09/20/2012
• Published: 03/21/2013
• Est. Priority Date: 09/20/2011
• Status: Active Application

• Current Assignee: Robert Gelfond
• Original Assignee: Robert Gelfond
• Inventors: Gelfond, Robert
• Application Number:
  US13/623,704
• Publication Number:
  US 20130073434A1
• Time in Patent Office: Days
• US Class Current: 705/27.1
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

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.

Claims

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.

2. The method of claim 1, wherein the available resource is computing power.

3. The method of claim 2, wherein the computing power is measured in hours of usage on a standardized computer.

4. A service based certificate comprising an economic note that is valued in relation to a resource that increases with advancements in technology.

5. The service based certificate of claim 4, wherein the economic note is a digital currency.

6. The service based certificate of claim 4, wherein the economic note is a form of commercial paper.

7. The service based certificate of claim 4, wherein the economic note is negotiable instrument.

8. The service based certificate of claim 4, wherein the resource is computing power.

9. The service based certificate of claim 4, wherein the economic note is redeemable for a measurable quantity of the resource.

10. The service based certificate of claim 9, wherein the measurable quantity of the resource fluctuates over time.

11. A system comprising:

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.

12. The method of claim 11, wherein the available resource is computing power.

13. The method of claim 12, wherein the computing power is measured in hours of usage on a standardized computer.

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.

15. The service based certificate of claim 14, wherein the economic note is a digital currency.

16. The service based certificate of claim 14, wherein the economic note is a form of commercial paper.

17. The service based certificate of claim 14, wherein the economic note is negotiable instrument.

18. The service based certificate of claim 14, wherein the resource is computing power.

19. The service based certificate of claim 14, wherein the economic note is redeemable for a measurable quantity of the resource.

20. The service based certificate of claim 19, wherein the measurable quantity of the resource fluctuates over time.