Patent ID: 11908249
Assignee: EFFICIENT AUCTIONS LLC
Field: Digital communication (Electrical engineering)
Classification: CPC G  H | IPC G  H

Claim 25:
26. A method for encrypting bid submissions in a clock auction of one or more items in which bids are allowed at price points between clock prices, said method implemented on a computer system comprising at least one computer, said method comprising:
encrypting, on a computer of said computer system, a bid submission in a clock auction of one or more items, wherein said bid submission includes bidding data indicating at least one price or at least one quantity associated with one or more items, wherein bids are allowed at price points between clock prices, and wherein said bidding data is encrypted so as to permit validating one or more constraints on said bidding data while said bidding data is encrypted and without access to an associated encryption key; and
sending said encrypted bid submission from said computer to another computer.