Method of electronic payment by means of a uniform resource identifier (URI)
AssigneeGregory Peter Kavanagh
InventorGregory Peter Kavanagh
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AssigneeGregory Peter Kavanagh
InventorGregory Peter Kavanagh
Estimating the term…
A method of generating electronic monetary tokens (tokens) on a server that supports transmission of the tokens between third parties by means of a Uniform Resource Identifier (URI) and also prevents double spending of the tokens. The tokens are represented by a substring of a Uniform Resource Identifier (URI), which identifies a resource in a network. As a payment request the substring comprises an indicator of price. As a payment for a resource the substring comprises a set of tokens and a buyer's unique identifier. On receipt of the tokens and before releasing the resource to the buyer the seller requests an indication from the server that the buyer owns the tokens thus preventing double spending of the tokens. Preferably, the URI is a Uniform Resource Locator (URL).
A computerized method allowing payments between a buyer and a seller using electronic monetary tokens to be made based on a Uniform Resource Identifier (URI), which identifies a resource in a computer network, the method comprising steps of:
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