Patent ID: 7383230
Filing Date: 2008-06-03
Classification: G06Q

Abstract:
1. A system for an exchange of intangible goods, the system comprising: a first system having an input and an output for storing at least one intangible good and for participating in at least one transaction, the first system having a first transaction log for storing information about transactions in which the first system participated, the first system publishing the first transaction log; a second system having an input and an output for storing at least one intangible good and for participating in at least one transaction, the second system coupled to the first system for communication, the second system having a second transaction log for storing information about transactions in which the second system participated, the second system publishing the second transaction log, the second system sending an exchanged intangible good after a transaction corresponding to the exchanged intangible good is published in the first transaction log; a hash module having an input and an output for generating a hash value to represent an intangible good to be exchanged, the hash module coupled to the first system and the second system; a querying module having a user-interface for querying at least one of a cleared list transaction log, the first transaction log and the second transaction log using the generated hash value, the querying module coupled to the first system, and the second system; and a clearinghouse having an input and an output for reconciling transactions and allocating credits and debits by comparing information in the first transaction log and the second transaction log, the clearinghouse coupled to the first system and the second system to retrieve information about transactions from the first transaction log and the second transaction log, the clearinghouse coupled to the querying module to receive the generated hash value, the clearinghouse including the cleared list transaction log having at least one record including a hash value of an exchanged intangible good, an identifier of a seller and an identifier of a purchaser, the clearinghouse comparing the generated hash value to the cleared list transaction log thereby determining whether there exists a transaction record corresponding to the exchanged intangible good.