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Information trading market

IP.com Disclosure Number: IPCOM000028481D
Original Publication Date: 2004-May-17
Included in the Prior Art Database: 2004-May-17
Document File: 2 page(s) / 40K

Publishing Venue

IBM

Abstract

An open market for trading information among buyers and sellers is described. This open market (which can be implemented as a web solution) allows its clients to submit information to the market and put a price (e.g., in credit points) on it. All clients may utilize the available information by using their credits. The market administrator keeps track of the information usage and passes the credit points from the users to the submitters.

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Information trading market

The role of information in our life is getting stronger and stronger. It will not be far in the future when human beings will mainly produce information and consume information. Individuals will thus need an easy way of trading information that is often proprietary. Current state of the art allows individuals or companies to buy information (in the form of text or image or video) on the web but for selling information they would need to either set up their own accounting services or sell the information to an agent company that has such facilities.

    The business method presented here provides an open market for trading the information among buyers and sellers. The web is used to illustrate the idea, but the solution may as well be implemented using other means such as mobile telephone networks or interactive TVs etc.

    Assuming a web solution, each user (i.e., client of this web trading market) can submit information to the market and put a price (e.g., credit points) on it. Other users of the solution may utilize the information that is available in the market by using their credits. The market administrator keeps track of the information usage and passes the credit points from the user to the submitter (possibly after deducting its own commission credit points). Use of the information can for example be by detaching a file or opening an image or text file. Payment will only be needed on the credit balances periodically but not for each usage.

    By providing this solution, users have greater incentive to respect proprietary rights on digital information. In addition, this solution provides them with a platform for a controlled exchange of valuable digital proprietary information.

    This method provides users with an extremely flexible e-business on-demand environment in which they can make b...