Transparent commodity trading networks and methods of facilitating transactions among buyers and sellers of products and services

Abstract

A transparent commodity trading network facilitates transactions among parties. A plurality of mobile communications devices are each configured to broadcast product/service needs and/or product/service offerings of a party associated with the respective mobile communications device. Each mobile communications device is configured to receive product/service needs and/or product/service offerings broadcast by other mobile communications devices when respective mobile communications devices pass within a predetermined distance of each other. Each mobile communications device is configured to identify when a product/service need or product/service offering broadcast by another mobile communications device matches a corresponding product/service offering or broadcast product/service need broadcast by the respective mobile communications device. A transaction service that is accessible by each mobile communications device is configured to allow two parties that have a matching broadcast product/service need and offering to identify and communicate with each other.

Dependencies are inferred from the claim text.