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| 국가/구분 | United States(US) Patent 등록 |
|---|---|
| 국제특허분류(IPC7판) |
|
| 출원번호 | US-0604870 (1996-02-22) |
| 발명자 / 주소 |
|
| 인용정보 | 피인용 횟수 : 310 인용 특허 : 0 |
There is described an electronic communications method between a first party and a second party, with assistance from at least a plurality of trustees, enabling an electronic transaction in which the first party having a selling reservation price (SRP) and the second party having a buying reservatio
There is described an electronic communications method between a first party and a second party, with assistance from at least a plurality of trustees, enabling an electronic transaction in which the first party having a selling reservation price (SRP) and the second party having a buying reservation price (BRP) may be committed to a transaction if a predetermined relationship between SRP and BRP is established, but not otherwise. The method begins by having each of the parties transmit shares of their respective reserve prices to the trustees. These shares are such that less than a given number of them does not provide enough useful information for reconstructing the reserve prices while a sufficiently high number of them allows such reconstruction. The trustees then take some action to determine whether the predetermined relationship exists without reconstructing SRP and BRP. If the predetermined relationship exists, then the trustees provide information that allows a determination of the sale price according to a given formula. Otherwise, the trustees determine that no deal is possible. As used herein, “sale”is merely respresentative as the transaction may be of any type including, without limitation, a sale, lease, license, financing transaction, or other known or hereinafter created financial commercial or legal instrument.
An electronic process executed by a first party and a second party, with assistance from at least a plurality of trustees, wherein the first party has a selling reservation price (SRP) and the second party has a buying reservation price (BRP) and the parties are committed to a transaction if a prede
An electronic process executed by a first party and a second party, with assistance from at least a plurality of trustees, wherein the first party has a selling reservation price (SRP) and the second party has a buying reservation price (BRP) and the parties are committed to a transaction if a predetermined relationship between the reservation prices is established, but not otherwise, comprising the steps of: initiating the electronic process by having the first and second parties compute data strings encoding their respective reservation prices, wherein at least one of said parties uses an electronic device for such computation; having each of the first and second parties transmit to the trustees the data strings that encode their respective reservation prices, wherein at least one of these transmissions is carried out electronically, and wherein a subset of trustees containing less than a given number of trustees does not possess any useful information sufficient for reconstructing the reservation prices; and having the plurality of trustees participate in the electronic process by taking action to thereby determine whether the predetermined relationship exists, wherein the determination is made without reconstructing the reservation prices.
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