Use verification code for validating an exchange item use request

A method comprises:

• receiving, by a marketplace server of a communication network, a use request regarding an exchange item from a merchant computing device that is affiliated with the communication network, the exchange item includes static exchange item information that further includes one or more of a static exchange item serial number, a static issuer identifier (ID), a static owner ID, static conditions, static rules, static offers, and static use options;
• retrieving, by the marketplace server, a verified device identifier associated with the exchange item from a marketplace database of the communication network based on the use request;
• identifying, by the marketplace server, a user computing device based on the verified device identifier to produce an identified user computing device;
• generating, by the marketplace server for the use request regarding the exchange item, first dynamic exchange item information based on the static exchange item information, wherein the first dynamic exchange item information includes one or more of a first dynamic exchange item serial number, a first dynamic issuer identifier (ID), a first dynamic owner ID, first dynamic conditions, first dynamic rules, first dynamic offers, and first dynamic use options;
• generating, by the marketplace server, a use verification code based on the first dynamic exchange item information and the use request;
• sending, by the marketplace server, the use verification code to the identified user computing device;
• receiving, by the marketplace server, information representing the use verification code from the merchant computing device, wherein the identified computing device generated the information;
• validating, by the marketplace server, the information representing the use verification code;
• and
• when valid, sending an approval indication regarding the use request to the merchant computing device.