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Electronic auction processing and database system

  • US 8,458,045 B1
  • Filed: 10/04/2012
  • Issued: 06/04/2013
  • Est. Priority Date: 08/25/2009
  • Status: Active Grant
First Claim
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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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