G - Physics – 06 – Q
Patent
G - Physics
06
Q
G06Q 30/06 (2012.01)
Patent
CA 2594314
An improved system and method for facilitating a transaction between a buyer and one of a number of sellers is provided. The transaction is related to a project specified by the buyer. A set of sellers are identified from a database. A flow control process operates over a number of processing cycles. In each processing cycle, the flow control process selects sellers from the set for classification as sellers of a particular type ("Invited Sellers"). The system automatically enables at least one action carried out by the sellers of the particular type. The duration of the processing cycles preferably varies over the processing cycles and is derived from a time period specified by the buyer as well as a predetermined constant that results in exponential reduction of the process cycle durations. The number of sellers selected for classification as sellers of a particular type preferably varies over processing cycles and depends upon a number of offers that are submitted by sellers of the particular type and received by the buyer. In the initial processing cycle, the number of sellers selected for classification as sellers of a particular type depends on a number of offers the buyer wishes to receive as dictated by input from the buyer. In the preferred embodiment, the at least one action enabled by the process includes: i) the sellers of the particular type submitting offers and information related to the offers and storing the offers and related information (such as multimedia files) in a database for access by the buyer; ii) the sellers of the particular type accessing detailed information related to the offer; iii) communication between the sellers of the particular type and the buyer; iv) automatic notification to the sellers of the particular type of their classification to the particular type; and/or v) automatic notification to the buyer of the sellers of the particular type.
Torrenegra Alex Henriquez
Zapata Tania
Smart & Biggar
Torrenegra Ip Llc
LandOfFree
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