System and method for conducting an auction in a peer-to peer network
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United States of America Patent
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N/A
Issued Date -
N/A
app pub date -
Dec 14, 2005
filing date -
Jun 29, 2004
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A system and method are disclosed for conducting an auction in a peer-to-peer network. In one example, the method includes initiating the auction by notifying a p-commerce server of the auction's start time, end time, and item being auctioned. A bid is received for the auction directly from another endpoints, and all endpoint that have previously submitted a bid in the auction are directly notified of the received bid. The p-commerce server is instructed to stop the auction after a determination is made that the auction has ended. A highest bid from the submitted bids is identified and the endpoint that submitted the highest bid is directly notified that it has won the auction.
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