Goods database employing electronic title or documentary-type ti

Details Goods database employing electronic title or documentary-type ti Goods database employing electronic title or documentary-type ti

1990-09-14

1991-11-05

Jablon, Clark A.

Boots, shoes, and leggings

235375, G06F 1540, G06F 1521

Patent

active

050635077

ABSTRACT:
A commodity trading system having a centralized computer and data base. Each commodity, such as a bale of cotton, is represented in the data base as a file having all the information unique to such bale, including a title flag. The title flag field of the file indicates whether the title to the cotton bale is carried by way of a card-type warehouse receipt, or electronically. The electronic representation of title eliminates the transferral of documentary type title which is traditionally mailed to various locations to follow the trading transactions.

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Baker, M. V., "Electronic title-The Alternative to Share Certificates", Proceedings of the International Conference: Computers in the City, London, UK, 1983, 285-92.

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