Electronic auction processing and database system
First Claim
Patent Images
1. A method comprising:
- receiving, by a processor, valuation information that includes at least one of a first parameter or a second parameter from a first entity associated with a service, the first parameter associated with a first format and the second parameter associated with a second format, wherein the first format is associated with a non-virtual format and the second format is associated with a virtual format;
setting, by the processor, a conversion relationship based on the valuation information that includes at least one of the first parameter or the second parameter, the conversion relationship configured to convert parameters associated with the first format to the second format, or parameters associated with the second format to the first format;
receiving, from the first entity, an offer value associated with the service, the offer value associated with at least one of the first format or the second format;
receiving, from a second entity different from the first entity, a request associated with obtaining the service including receiving a third parameter and a fourth parameter with the request, the third parameter associated with the first format and the fourth parameter associated with the second format; and
processing, by the processor, the request including the third parameter and the fourth parameter based on the conversion relationship to determine whether the third parameter and the fourth parameter meet the offer value.
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Abstract
Systems, methods and computer program products for processing inputs of various formats to be used in an auction are described. In some implementations, a conversion application can be used to assist a user in setting a conversion ratio by which a service can be valued (e.g., for converting values between commercial and proprietary currency). In some implementations, a cash value of the service to be rendered can be defined. In these implementations, the conversion application can facilitate the determination of an appropriate conversion ratio by which the cash value can be converted to other currency value (e.g., to other proprietary currency).
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Citations
16 Claims
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1. A method comprising:
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receiving, by a processor, valuation information that includes at least one of a first parameter or a second parameter from a first entity associated with a service, the first parameter associated with a first format and the second parameter associated with a second format, wherein the first format is associated with a non-virtual format and the second format is associated with a virtual format; setting, by the processor, a conversion relationship based on the valuation information that includes at least one of the first parameter or the second parameter, the conversion relationship configured to convert parameters associated with the first format to the second format, or parameters associated with the second format to the first format; receiving, from the first entity, an offer value associated with the service, the offer value associated with at least one of the first format or the second format; receiving, from a second entity different from the first entity, a request associated with obtaining the service including receiving a third parameter and a fourth parameter with the request, the third parameter associated with the first format and the fourth parameter associated with the second format; and processing, by the processor, the request including the third parameter and the fourth parameter based on the conversion relationship to determine whether the third parameter and the fourth parameter meet the offer value. - View Dependent Claims (2, 3, 4)
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5. A method comprising:
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receiving, by a processor, a listing from a first entity, the listing providing a service or good and having an offer value, the offer value definable using at least one of a monetary format or a non-monetary format; receiving, from a second entity different from the first entity, a request associated with obtaining the service or good including receiving a first value from the second entity, the first value having a first format selected from one of the monetary format or the non-monetary format; determining, by the processor, whether the first value satisfies the offer value based on a conversion relationship, the conversion relationship configured to convert parameters associated with the monetary format to the non-monetary format, or parameters associated with the non-monetary format to the monetary format; communicating, by the processor to the second entity, an outcome of the determination; receiving, by the processor, a second value different from the first value from the second entity if it is determined, based on the conversion relationship, that the first value fails to satisfy the offer value, the second value having a second format different from the first format and selected from one of the monetary format or the non-monetary format; and
recording, by the processor, the request when the first value and the second value satisfy the offer value. - View Dependent Claims (6, 7, 8, 9, 10, 11, 12)
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13. A system comprising:
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a processor; and a memory coupled to the processor and storing instructions, which, when executed by the processor, causes the processor to perform operations comprising; receiving valuation information that includes at least one of a first parameter or a second parameter from a first entity associated with a service, the first parameter associated with a first format and the second parameter associated with a second format, wherein the first format is associated with a non-virtual format and the second format is associated with a virtual format; setting a conversion relationship based on the valuation information that includes at least one of the first parameter or the second parameter, the conversion relationship configured to convert parameters associated with the first format to the second format, or parameters associated with the second format to the first format; receiving, from the first entity, an offer value associated with the service, the offer value associated with at least one of the first format or the second format; receiving, from a second entity different from the first entity, a request associated with obtaining the service including receiving a third parameter and a fourth parameter with the request, the third parameter associated with the first format and the fourth parameter associated with the second format; and processing the request including the third parameter and the fourth parameter based on the conversion relationship to determine whether the third parameter and the fourth parameter meet the offer value. - View Dependent Claims (14, 15, 16)
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Specification