Secure auction systems
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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Apr 25, 2000
Grant Date -
N/A
app pub date -
Nov 12, 1996
filing date -
Feb 1, 1996
priority date (Note) -
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status (Latency Note)
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Abstract
The apparatus and method of the present invention provide secure auction service for use in a network having servers and bidding terminals. The auction service makes transactions among servers and bidding terminals subject to a distributed protocol. The distributed protocol distributes submitted bids among the multiple servers, closes a bidding period, verifies validity of monetary value of each submitted bid by utilizing said distributed protocol and determines a winning bidder.
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