Importance

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Abstract

The electronic contract broker and contract market maker is a system and method for providing a buyer with a discount on the purchase of commodities, such as goods, services, or capital, by tying the original transaction to the long term purchase of goods or services from one or more commodity providers. The system is implemented via a distributed computer network, such as the Internet, or a proprietary network. A buyer selects the amount of the discount in the limits defined by the system, which presents the buyer with goods and services in one or more buyer-selected categories to purchase over time, and the buyer contracts with the system to make the time purchases. The system advances the discount to the original merchant, and bundles the contractual commitments of several buyers in a given category into software objects which are auctioned to commodity providers over a distributed network.

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First Claim