System and method for automated auctioning of web services

Details System and method for automated auctioning of web services System and method for automated auctioning of web services

2008-01-29

2008-01-29

Dass, Harish T. (Department: 3693)

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

Automated electrical financial or business practice or...

Finance

C705S026640, C705S040000, C707S793000, C345S173000

Reexamination Certificate

active

07324969

ABSTRACT:
An automated auctioning system includes a customer, a web services register server (such as an Extended Markup Language (XML)-based registry server like an Universal Description, Discovery and Integration (UDDI) registry) and a number of web service providers. Automated auctioning processes of a web service desired by the customer are undertaken between the potential customer and the web service providers. The potential customer issues a bid request, and each web service provider determines whether the value of a bid in response to the bid request is below a value warranted by market demand and issues the bid if the value is higher. The potential customer assesses the bid, creating a bid assessment score. The potential customer performs an iteration on the bid assessment score using a new bid request if the score has improved since a last iteration, while engaging the web service if the score has not improved.

REFERENCES:
patent: 2003/0115128 (2003-06-01), Lange et al.
patent: 2006/0158438 (2006-07-01), Hunter

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