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US 11,776,029 B2Granted
Digital non-fiat based system for bartering
OwnerSharon Hallinventor
Life of this patent
Estimating the term…
Abstract
The invention is a non-fiat-based system for bartering. More particularly, the system provides a number of ways to trade goods and services across a digital platform without the need or use of money and when necessary valuates the goods and services to provide exact to approximate exchanges in value. More particularly, a barter ranking engine for non-fiat based transactions is provided that takes the guess work out of each bartering transaction created by the invention.
Claims18
A system for bartering, comprising:
- a digitally based world-wide community including a blockchain platform;
- a first offer to provide a commodity by a first user to said digitally based world-wide community, wherein the first user sets a selectable percentage of difference in an offer value for matching with another offer;
- a second offer to provide a commodity by a second user to said digitally based world-wide community, wherein the second user sets a selectable percentage of difference in an offer value for matching with another offer;
- an offer valuation engine installed within said digitally based world-wide community, said offer valuation engine assigning a value to said first offer and said second offer, wherein said offer valuation engine combines at least one more offered commodity to the first and second offer to complete a transaction;
- and wherein said offer valuation engine provides real-time currency exchange value between said commodities of said first offer and said second offer using the blockchain platform when each said first offer and said second offer originate in different currency locales:
- a barter matching engine installed within said digitally based world-wide community, said barter matching engine matching said first offer to said second offer based upon approximately equivalent value, wherein the barter matching engine searches the digitally based world-wide community for the at least one more offered commodity to make the first and second offer equivalent;
- and
- a barter ranking engine installed within said digitally based world-wide community, said barter ranking engine connecting said first offer with said second offer on the blockchain platform so long as said barter matching engine matches said first offer to said second offer;
- wherein the approximately equivalent value is based upon the selectable percentage of difference in offer value set by the first user or the second user;
- wherein the system evaluates the matched offers based upon the user selectable percentage of difference in offer value and if the user selectable percentage is not met, the system can reject both offers or manipulate the first or second offer to achieve an acceptable percentage in difference in offer value;
- wherein the system manipulates the first offer or the second offer to achieve the user selectable percentage of difference in offer value by recommending that either the first or second user provide either more services and/or product to either raise or lower the value of either service or product in their respective first or second offer;
- wherein the blockchain platform provides a medium of exchange between the first user and second user;
- and
- wherein the system performs a triangulated trade when a breakdown occurs between a trade.
11 more elements
Dependencies are inferred from the claim text.