Normalized distributed exchange system

Details Normalized distributed exchange system Normalized distributed exchange system

2007-07-16

2011-12-13

Colbert, Ella (Department: 3694)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S037000, C705S039000, C705S041000, C705S044000

Reexamination Certificate

active

08078513

ABSTRACT:
A real-time normalized, distributed exchange and barter system that allows multiple members to exchange multiple goods and services with other members of the system over a distributed network such as the Internet. The system may develop a plurality of permutations of trading cycles that allow for indirect exchanges between its members, with the option of using cash as an exchange element. The system may also develop permutations of trading cycles for sub-classes and sub-categories of the goods, services and exchange elements within the system, and choose an optimized set of trading cycles among the many trading-cycle permutations that cover the exchange system, based on criteria defined by the system's sponsor. The system may determine all possible cyclic permutations of exchanges between its members and select the cyclic permutation that best meets the defined criteria, also the system would be able to make suggestions or impersonate a user in order to close any open chains.

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