US 2019/0102837 A1Published application

Competitive online data market and exchange network

AssigneeIntel Corporation

InventorsNed M. Smith, Rajesh Poornachandran, Michael Nolan, Simon N. Peffers

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Abstract

Various systems and methods for exchanging digital information in an online competitive data market and exchange network are disclosed. A buyer utilizes one or more curry functions that are relevant to data to be acquired thereby developing a Future estimate for the data. The Future estimate may be recorded as a Margin Future with an escrow agent acting as an intermediary with investors. Investors may fund the Margin Future based on assessed risk and return on investment as defined in the Margin Future. Once funded, the buyer may acquire the data from the seller and apply value to the data by applying the curry functions, to result in digital information to be traded on the online exchange. Once the Future has been realized by sales to information consumers, the market may distribute the proceeds/profits among the seller, buyer, investor and escrow agent, according to conditions defined in the Margin Future.

Claims22

Dependent claims

A data buyer node in a network for a data market and exchange, comprising:

a processor coupled to memory, the memory storing instructions to configure the data buyer node to negotiate with other nodes on the network, wherein to negotiate includes instructions when executed by the processor to cause the data buyer node to:
form a contract with a seller node for acquisition of data,
generate a margin future with a margin function, the margin function including binding a curry function to the data promised by the seller node in the contract,
register the margin future with an escrow agent node on the network, wherein responsive to the registering, the margin future is accessible by at least one investor node on the network,
responsive to funding of the margin future by the at least one investor node on the network, acquire the data electronically from the seller node,
apply the margin function to the acquired data to result in information to be traded electronically over the network, and
provide the information to the network for payment by at least one information consumer node;
and
an electronic wallet for electronic currency exchange coupled to the processor, the electronic wallet configured to send and receive electronic currency over the network, wherein responsive to the acquiring of the data, the electronic wallet is arranged to send payment to the seller node via the network, the payment defined according to the contract, and wherein responsive to realization of the margin future that results from payments made by the at least one information consumer node in purchase of the information, the electronic wallet is arranged to receive electronic currency according to conditions defined by the margin future regarding disbursement of electronic currency payments made for consumption of the information.

6 more elements

Dependencies are inferred from the claim text.