Method for carrying out transactions of goods using electronic t

Details Method for carrying out transactions of goods using electronic t Method for carrying out transactions of goods using electronic t

1991-10-15

1994-02-08

Envall, Jr., Roy N.

Boots, shoes, and leggings

364401, G06F 1520, G06F 1522

Patent

active

052853837

ABSTRACT:
A commodity trading system having a centralized computer and data base. Each commodity, such as a bale of cotton, or a block of bales, 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 bale record and block record indicates whether the title to the cotton bale, or block of bales, 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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Business Software Database Abstracts (undated).
Baker, M. V., "Electronic Title--The Alternative to Share Certificates".

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