Method and system for accommodating electronic commerce in a communication network capacity market

• US 6,055,504 A
• Filed: 12/11/1997
• Issued: 04/25/2000
• Est. Priority Date: 12/11/1997
• Status: Expired due to Term

• Current Assignee: Google LLC (Alphabet Inc.)
• Original Assignee: International Business Machines Corporation
• Inventors: Garg, Amit, Chou, Yu-Li
• Primary Examiner(s): Trammell, James P.
• Assistant Examiner(s): Tesfamariam, Mussie
• Application Number:
  US08/988,721
• Time in Patent Office: 866 Days
• Field of Search: 705/37, 705/35, 705/400, 705/412, 705/26, 705/1, 705/21, 705/36, 235/380, 380/23
• US Class Current: 705/37
• CPC Class Codes: G06F 21/6254 by anonymising data, e.g. decorrelating personal data from the owner's identification
• CPC Class Codes: G06Q 20/202 Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR
• CPC Class Codes: G06Q 30/0283 Price estimation or determination
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0615 Anonymizing
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/06 Energy or water supply

Abstract

A method for accommodating electronic commerce in a communication network capacity market. The method includes the steps of identifying a plurality of players in the communication network capacity market, each of which players can solicit capacity in communication network capacity market; providing a neutral third-party, the neutral third party and the plurality of players configured in a hub arrangement for communicating with each of the plurality of players in communication network capacity trades; and, realizing an open market conditionality between each of the plurality of players and the neutral third party so that the communication network capacity supplied by one or more of the players can be bought and sold among the players; and, the neutral third party can preserve anonymity of each of the plurality of players soliciting communication network capacity.

Claims

1. A computer implemented method for accommodating electronic commerce in a communication network capacity market, the method comprising:

1) identifying a plurality of players in the communication network capacity market, each of which players can solicit capacity in said communication network capacity market;

2) providing a neutral third-party, the neutral third-party and the plurality of players configured in a hub arrangement such that said neutral third-party is provided in a center of the hub arrangement for communicating with each of the plurality of players; and

3) realizing an open market conditionality between each of the plurality of players and the neutral third-party so that;

i) by utilizing the neutral third-party, the communication network capacity supplied by one or more of the players can be bought and sold among the players; and

ii) the neutral third-party can preserve anonymity of each of the plurality of players soliciting communication network capacity.

2. A method according to claim 1, wherein said plurality of players is selected from the group consisting of phone companies, Internet service providers, consolidators, and cable companies.

3. A method according to claim 1, wherein soliciting comprises ascertaining a market price of the communication network capacity.

4. A method according to claim 1, wherein soliciting comprises specifying the availability of the communication network capacity.

5. A method according to claim 1, wherein communication network capacity comprises specifying attributes of said communication network capacity.

6. A method according to claim 1, wherein preserving anonymity by the neutral third party comprises the neutral third party not revealing a player'"'"'s identity to anyone.

7. A method according to claim 4, wherein specifying available communication network capacity comprises connoting a price at which any of said plurality of players is willing to buy.

8. A method according to claim 4, wherein specifying available communication network capacity comprises connoting a price at which a player from among a plurality of players is willing to sell it.

9. A system for accommodating electronic commerce in a communication network capacity market, the system comprising:

1) means for identifying a plurality of players in the communication network market, each of which players can solicit capacity in the communication network market;

2) means for providing a neutral third-party, the neutral third-party and the plurality of players configured in a hub arrangement such that said neutral third-party is provided in a center of the hub arrangement for communicating with each of the plurality of players; and

3) means for effecting an open market conditionality between each of the plurality of players and the neutral third-party so that;

i) by utilizing the neutral third-party, the communication network capacity supplied by one or more of the players can be bought and sold among the players; and

ii) the neutral third-party can preserve anonymity of each of the plurality of players soliciting communication network capacity.

10. A system according to claim 9, wherein the means for providing the neutral third-party comprises:

1) a set of input channels for effecting an interface between the players and the neutral third-party;

2) a rules device for coordinating trades among the players through the neutral third-party using a set of rules;

3) a bids/asks device for receiving information from the input channels, validating and storing information;

4) an active bids/asks database for storing information including a set of valid active bids and asks for each commodity;

5) an executor receiving inputs from the rules device, retrieving inputs from and updating the active bids/asks database, and having a capability to execute a trade;

6) a deal device receiving inputs from the executor and outputting results of trades to the players via an output channel;

7) a deals database receiving and storing inputs from the executor; and

8) a set of output channels for effecting an interface between the players and the neutral third-party.

11. A system according to claim 10, wherein the input channel comprises an Internet.

12. A system according to claim 10, wherein the input channel comprises a telephone.

13. A system according to claim 10, wherein the input channel comprises electronic mail.

14. A system according to claim 10, wherein the rules device comprises means for establishing conditions for effecting trades.

15. A system according to claim 14, wherein the conditions comprises at least one of legal requirements, financial requirements, security requirements, deal-making mechanism, and mechanism submitting bid and ask orders.

16. A system according to claim 10, wherein the bids/asks device comprises means for collecting unexecuted buy and sell orders for capacity in communication networks, validating buy and sell orders according to the set of rules, storing valid orders in said active bids/asks database, and outputting information to players through a set of output channels.

17. A system according to claim 10, wherein the active bids/asks database comprises means for storing valid unexecuted buy and sell orders.

18. A system according to claim 10, wherein the executor comprises means for executing a trade by interpreting rules from the rules device to match unexecuted buy and sell orders stored in the active bids/asks database and means for updating the active bids/asks database and said deals database.

19. A system according to claim 18, wherein the trade is an outcome from the executor and comprises price, allocation of the communication network capacity, and the players involved.

20. A system according to claim 10, wherein the deal device comprises means for collecting the trades executed by the executor and outputting relevant information to the players through the output channel.

21. A system according to claim 20, wherein relevant trade information comprises means for confirming to the player if their buy order was executed, the price at which communication network capacity was bought, and the quantity purchased.

22. A system according to claim 20, wherein relevant trade information comprises means for confirming to the player if their sell order was executed, the price at which communication network capacity was sold, and the quantity sold.

23. A system according to claim 10, wherein the deals database comprises means for storing executed trades.

24. A system according to claim 10, wherein the output channel comprises an internet.

25. A system according to claim 10, wherein the output channel comprises a telephone.

26. A system according to claim 10, wherein the output channel comprises an electronic data interchange (EDI).