Abstract:
A system for determining high quality musical recordings comprises a server computer which communicates with a plurality of client devices configured to execute internet radio client software which plays musical recordings. The server computer includes a registration unit for registering users; an input unit for registering, for each user, and for each musical recording of a selected group of musical recordings, a user&#39;s opinion of the musical recording. It also includes a combining unit configured to combine a user&#39;s registered opinion of each of the musical recordings with the registered opinions of other users, an input valuation unit configured to assign a valuation to the registered opinions on the basis of data from the combining unit, and a reward unit for providing a reward to one or more users on the basis of a valuation provided by the input valuation unit.

Description:
CROSS-REFERENCE TO RELATED APPLICATIONS 
       [0001]    This application is a continuation of U.S. Non-Provisional patent application Ser. No. 10/117,356, filed Apr. 5, 2002. The entire contents of the aforementioned patent application are incorporated herein by reference. 
         [0002]    patent application Ser. No. 10/117,356 claims priority from U.S. Provisional Patent Application No. 60/281,673, filed Apr. 5, 2001 and patent application Ser. No. 10/117,356 claims priority as a continuation-in-part application from U.S. patent application Ser. No. 09/691,316, filed, Oct. 18, 2000. 
         [0003]    The entire contents of the aforementioned patent application are incorporated herein by reference, which claims priority from the following United States Provisional Patent Applications:
       Community-Based Market Movement Prediction: No. 60/160,044; filed Oct. 18, 1999   Portfolio Management By Community; No. 60/166,430; filed Nov. 19, 1999   Clusters for Rapid Artist-Audience Matching: No. 60/165,794; filed Nov. 19, 1999   A Mechanism for Quickly Identifying High-Quality Items: No. 60/176,154; filed Jan. 14, 2000   A Mechanism for Quickly Identifying High-Quality Items Version 000118: No. 60/176,953   A Mechanism for Quickly Identifying High-Quality Items Version 000216; No. 60/182,836   A Mechanism for Quickly Identifying High-Quality Items Version 000405; No. 60/194,988   A Mechanism for Quickly Identifying High-Quality Items: No. 60/200,204; filed Apr. 28, 2000   A Mechanism for Quickly Identifying High-Quality Items: No. 60/209,930; filed Jun. 7, 2000   A Mechanism for Quickly Identifying High-Quality Items: No. 60/218,866; filed Jul. 18, 2000   A Mechanism for Quickly Identifying High-Quality Items: No. 60/232,742; filed Sep. 15, 2000.       
 
         [0015]    The entire contents of the aforementioned patent application are incorporated herein by reference. The entire disclosures thereof of the above-enumerated United States Provisional Patent Applications, including the specifications, drawings, and abstracts, are hereby incorporated herein by reference. 
         [0016]    The entire contents of U.S. patent application Ser. No. 09/714,789, filed, Nov. 16, 2000, are incorporated herein by reference, including the specifications, drawings, and abstracts, are hereby incorporated herein by reference. 
     
    
     BACKGROUND OF THE INVENTION 
       [0017]    1. Field of the Invention 
         [0018]    The present invention relates to business methods, and to techniques and systems for financing items through future sales rights. The invention has particular advantages when used to provide sales options for copyrightable material such as entertainment recordings. The invention further relates to a system to determine quality through reselling items. The context for this invention is network-connected computer systems which allow a number of individuals to interact with a central system for carrying out these sales. 
         [0019]    2. Background 
         [0020]    In the entertainment industry, manufacturers and distributors are faced with fixed costs of manufacture, and distribution, regardless of quantity or popularity of the entertainment product. This means that they must make an estimation of the future popularity and sales of the particular item. While in some instances the manufacturer and distributor have accurate predictive data, it is particularly difficult to predict the degree of acceptance and market success most entertainment items will have. 
         [0021]    Regardless, there are generally people who have a significant degree of understanding of particular entertainment markets, and who can judge the potential success of a particular item. These people may be willing to provide financing for entertainment products in the particular entertainment markets. To the extent that these people can provide financing and can provide good predictions of the performance of entertainment products in the marketplace it would be desired to create a market structure which allows their knowledge and expertise to be used financing create an economic incentive to manufacture or distribute entertainment, copyrightable or other products. 
         [0022]    This invention is intended to hasten the identification of high-quality items by enabling those who are particularly good at identifying them to make a profit from doing so. We do not distinguish between physical objects such as paintings and digital objects such as MP3 files except as noted below. 
         [0023]    We assume the existence of objects such as musical recordings which may or may not have value to a particular community. In the digital world, an MP3 may be in a genre that only a small subset of the population is interested in. But, as a separate matter from the genre, it may or may not have quality—quality that would motivate people interested in that genre to want to hear it. 
       BRIEF SUMMARY OF THE INVENTION 
       [0024]    In accordance with the present invention, a method of optimizing valuations of items in a market includes establishing values for the items and providing a sequence of the items for which speculators may invest. The items are then sold to consumers of the items, or rights to the items are transferred to consumers. The speculators who bought the income rights to the items are then provided with income in accordance with the income rights for the particular ones of the items sold to the consumers or for the rights transferred to consumers. 
     
    
     
       BRIEF DESCRIPTION OF THE DRAWINGS 
         [0025]      FIG. 1  is a flowchart showing the transfer of funds according to the present invention; 
           [0026]      FIG. 2  is a diagram showing database tables in accordance with one embodiment of the present invention; 
           [0027]      FIG. 3  is a flowchart showing original owner creating RT&#39;s in accordance with one embodiment of the present invention; 
           [0028]      FIG. 4  is a flowchart showing a speculator buying RT&#39;s in accordance with one embodiment of the present invention; and 
           [0029]      FIG. 5  is a flowchart showing a consumer finalizing an RT in accordance with one embodiment of the present invention. 
       
    
    
     DETAILED DESCRIPTION OF THE INVENTION 
       [0030]    For the sake of simplicity, we will focus on one particular example—MP3 files. But it must not be construed that this invention is limited to such files; it equally well applies to paintings, books, CD&#39;s and other objects which consumers may find appealing or unappealing. 
         [0031]    A problem to be addressed is the fact that there are a huge number of MP3&#39;s, most of them of very low quality regardless of the genre they may happen to be in. It takes time and effort to listen to many of these recordings in order to find the gems. Those who perform that service—who we shall refer to as “scouts” (or speculators)—should therefore have the opportunity to be rewarded for it. 
         [0032]    One aspect of this invention is that the entity owning the MP3 is given the ability to sell a certain number of “rights” at a low price with the expectation that these rights will be worth more later; the scouts would be rights to the MP3&#39;s they think will be popular in the future with the expectation of reselling them later for a profit. 
         [0033]    The meaning of the term “rights” varies from embodiment to embodiment. Several variants that fall within the scope of the invention are listed here, although this list is not meant to be exhaustive: 
         [0034]    A right to download (RTD): Applicable for MP3 files or other digital works. The scout buys the RTD and resells it later at a higher price to a consumer, who actually does the download. A database keeps track of who owns the RTD at each point in time; sales are registered in the database. 
         [0035]    A right to experience (RTE): This is applicable in some circumstances to MP3 files or other digital works. For instance, in the context of a subscriber service, consumers do not necessarily own MP3&#39;s, but pay a fee for the right to play them. A user can play any available song at any time, and it may be streamed from a remote server or it may exist on the local audio or computer system. The subscriber may not pay for each play of a given song, but in the current scenario, some entity does—most likely, the organization providing the subscription service. Since each play therefore has value, scouts would be well-advised to buy RTE&#39;s at a low price before an artist is well-known, and resell them later—often directly to subscription services—at a higher price when a demand has been built. Thus, subscription services buy RTE&#39;s according to how many times users play various songs. 
         [0036]    A right-to-buy (RTB): This is applicable to physical objects such as CD&#39;s. Scouts buy the right-to-buy a CD at a certain price (which may be $0; i.e., the purchase of an RTB may be the only necessary purchase. It may be non-zero to cover such aspects as shipping and handling, which would be fixed for the lifetime of an RTB). Scouts then resell the RTB to consumers at a higher price after a demand is established. 
         [0037]    For short, we will call such variants RT&#39;s that is, “rights to . . . .” 
         [0038]    In each case, there is a “finalization event.” For RTD&#39;s this occurs when the object is downloaded. For RTE&#39;s, it occurs when the object is experienced (for instance, a listener hears a streamed audio file once). For RTB&#39;s, it occurs when the physical object is bought (and/or shipped). 
         [0039]    For purposes of example, we will focus on RTD&#39;s relative to songs, but except where noted the concepts apply equivalently to RTB&#39;s and RTE&#39;s. Also, they apply equally well to various formats in which digital property can be encoded; some formats in fact may be superior to MP3&#39;s for profitable transactions due to built-in copy protection features; Liquid Audio is an example of a company marketing such technology. 
         [0040]    Suppose a scout buys 1,000 RT&#39;s for a particular song at $0.10 each with the expectation of selling them at a later time for $1 each. But suppose the owner of the song makes a large number of RT&#39;s available through a number of channels at $1 each. This could very significantly slow the rate of sales of the scout&#39;s RT&#39;s. In fact, if more RT&#39;s are made available than there is a market for RT&#39;s, many of the scout&#39;s RT&#39;s might never be sold. This means that after the scout buys RT&#39;s, his fortunes are tied to subsequent management decisions on the part of the original owners. So his profit is determined not only by his own prescience in determining which new recordings are likely to become popular later, but also by the unpredictable decisions of the owners. 
         [0041]    One factor making it hard to avoid this kind of problem is that the market size for a particular song can not be exactly known in advance. This motivates the owner to make as many copies available as possible through as many channels as possible. Moreover, a sale made by a scout means the owner gets $0.10 for each copy; a direct sale means the owner gets $1 for each copy. 
         [0042]    So the fortunes of the scouts and the fortunes of the owner are at odds. 
         [0043]    This creates the possibility for trouble. Even if there is a contract stating that RTD&#39;s after the first 1,000 will be sold for $1 each, the fact is that if the owner violates the contract, the scouts could lose money and be faced with the expensive prospect of suing for damages. 
         [0044]    So, ideally, there should be a technique for eliminating this problem. Such a technique is a key aspect of the invention. 
         [0045]    The solution provided by the present invention is to finalize the RT&#39;s in sequence. For instance, if a scout buys the first 1,000 RTD&#39;s, he will supply the first 1,000 RTD&#39;s which are downloaded. The original owner may way to flood the market with direct-sale RTD&#39;s, but he cannot be finalized until the scout finalizes his RTD&#39;s. 
         [0046]    This mechanism even protects against the extreme case of an owner selling RT&#39;s at $0.10 each and then subsequently direct-selling the RT&#39;s for an even lower price (which he might want to do, for instance, in order to use that song as a loss-leader, building popularity, so that he can sell other songs more quickly later). 
         [0047]    If the owner then says he is going to flood the market with $0.05 RTD&#39;s, people will want to buy them at that price—but they won&#39;t be available. If the scout was right in his belief that demand would exist such that consumers would eventually want to pay a higher price, then the consumers who are most eager to obtain the RTD&#39;s will buy them at the higher price, since the alternative is not to have them at all, at least for a very long time. The scout, knowing this, can wait as long as necessary to sell his RTD&#39;s at the higher price. 
         [0048]    This mechanism therefore protects the scouts against decisions by the original owners that could otherwise have a negative effect on the scouts. It applies equally well to RTE&#39;s, RTB&#39;s and other equivalent forms of RT&#39;s. 
         [0049]    Any of a number of market mechanisms may be used to carry out the sales. For instance, blocks of some fixed number of RT&#39;s may be auctioned on eBay. (In fact, eBay has recently announced that it will make software mechanisms available for 3rd-party companies to set up auctions without direct human intervention.) Or, market-maker software may be provided emulating the market-making techniques used in various stock markets. In preferred embodiments, the original owner controls how many RT&#39;s are made available for sale to the scouts at any point in time. 
         [0050]    In preferred embodiments, RT&#39;s may be sold in any order until the finalization event occurs, at which time they are removed from the marketplace. That is, for example, and RTD for the 10,000th download may be purchased before the RTD for the 5,000th download is purchased. In preferred embodiments, there is a free market for selling RT&#39;s. At any time, scouts may buy them or such organizations as retail stores can by them, without distinction. 
         [0051]    (In some embodiments, consumers may buy them too, and subsequently trigger the finalization event for their own use. Interfaces are provided for such purposes. For instance, in the case of RTD&#39;s, in some such embodiments each RTD has a unique identification number. When a consumer purchases an RTD, the ID is presented to him by such means as a Web interface or email. For instance, if a consumer purchases and RTD using a Web site that operates according to standard Web retailing design principles, the ID can be presented after the purchase is paid for by means of a confirmation Web page or in an automatically-sent email. However, since consumers typically want immediate gratification, and the finalization event for a particular RTD might not be allowed for some time, many embodiments will not include features for consumers to purchase RTD&#39;s.) 
         [0052]    In some simple embodiments, the original owner simply sells RT&#39;s to the scouts at a fixed low price. In such cases, a fixed number of RT&#39;s are usually made available for this purpose; later RT&#39;s are made available to consumers without first being made available to scouts. 
         [0053]    Records representing the status of each RT are stored in a database (which may be a RAM-based data structure, a disk-based structure, or a structure in another storage medium). In various embodiments, there may be one record per RT, or RT&#39;s may be represented in blocks. In most block-based embodiments, a record will represent a block of RTD&#39;s purchased at one time by one scout. Other representations are equally workable and are equivalently included in the present invention. 
         [0054]    In most embodiments, the database provides an indicator of availability of an RT. An RT is available if its current owner is willing to sell it. In some embodiments, the state of unavailability is indicated simply by deleting the RT&#39;s record from the database. In others, there is a flag indicating availability or unavailability. 
         [0055]    In most embodiments, an RTD is automatically made unavailable when a download occurs. (Equivalently, in embodiments involving RTE&#39;s, the RTE is made unavailable when the experience occurs; in RTB&#39;s it happens when the object is bought.) In some cases, such as some embodiments involving RTB&#39;s, an object may be made available again at a later date by switching the flag. This is not the case for RT&#39;s which by virtue of their nature may only occur once. 
         [0056]    In some embodiments, the original owner may choose, at any time, whether the next sequence of RT&#39;s is to be made available to scouts or to consumers. In some embodiments this is accomplished by means of a “resellable” indicator in the database. If reselling is not allowed for a particular RT, then it is of no use to speculators and they won&#39;t want to buy it. 
         [0057]    In some embodiments, RT&#39;s for particular sequence numbers are not entered into the database until a commitment has been made to sell them; i.e., presence in the database indicates that the 
         [0058]    However, preferred embodiments perform this function by means of “minimum price” data in the database, which may be stored with a separate record for each RT or for blocks of RT&#39;s (or as an indicator that applies to all future RT&#39;s, at least until the indicator is changed). If the minimum price is the maximum price the consumers are likely to pay, then the RT will be of no use to scouts. 
         [0059]    A central server (or set of servers working in concert) keeps track of finalization events. 
         [0060]    The database contains information regarding the price for finalization events. In some embodiments, scouts and retailers can set the finalization price for RT&#39;s they have purchased. In others, the finalization price is fixed at the outset by the original owner. In preferred embodiments, scouts and retailers can set the price so long as it is under a maximum price fixed by the original owner, which may have a system-wide default if the original owner does not specify such a price. This prevents one hostile scout or retailer from halting sales by setting the finalization price of a RT so high that no consumer will buy it; since the RT&#39;s are finalized sequentially, lower-priced, subsequent RT&#39;s would then never be sold. 
         [0061]    In preferred embodiments RT&#39;s may be purchased out-of-sequence; that is, for example, a particular scout may believe that a song will sell 100,000 copies while most scouts think it will sell 50,000. Therefore in an auction setting, the scout or retailer may be able to buy the RT&#39;s associated with the 90,000th through 100,000th finalizations at a bargain price compared to the earlier finalizations; if he is right, he may make an exceptional profit. A user interface is provided whereby the scout or retailer can specify the range of finalization numbers he wants to buy at a certain price; in most embodiments other scouts or retailers may be given the chance to outbid him in an auction; i.e., it is made known via the user interface that someone has bid on a particular range of finalizations and the opportunity is presented to input counter-bids. Any standard auction mechanism such as Dutch auctions may be used for this. 
         [0062]    In some embodiments RT&#39;s don&#39;t have to be purchased in sequential blocks according to finalization sequence; for instance, scouts and retailers can purchase every nth finalization between two numbers. This enables them to invest in a wider range of finalizations depending on how confident they are in the number of RT&#39;s they expect to be sold without buying a huge number of them. 
         [0063]    In this preferred embodiment, song finalizations, that is, the actual downloads, are for a fixed price. That way, the value of the nth RT is simply dependent on the perceived probability that n or more of the RT&#39;s will be finalized. The owner of an RT cannot refuse a sale; when n−1th finalizations have been sold, the nth one will be sold next. 
         [0064]    The preferred embodiment draws a clear distinction between RT&#39;s and finalizations (which may be a download or a purchase of a physical CD, or take other forms). 
         [0065]    There is a speculator market for RT&#39;s. 
         [0066]    In the preferred embodiment, there is not a speculator market for finalizations. There is no need for the price of finalizations to be variable. For consumer-friendliness—that is, for the sake of consumers who just want their music and don&#39;t want to hear about speculation—and for retailers that want to keep everything as simple as possible—finalizations are sold as the associated objects always have been. Finalizations for CD-related RT&#39;s for instance, are sold on the same fixed-price basis under which CD&#39;s can be purchased on Amazon.com In fact, they may be sold through Amazon.com. 
         [0067]    These prices will not be out of line with the norms for CD prices. 
         [0068]    Since the normal fixed price for a finalization means that it would be absurd for RT&#39;s to sell for more than that price, that creates a natural limit for the price of RT&#39;s. 
         [0069]    In this preferred embodiment, original owners can put any number of RT&#39;s on the speculator market at any time. They go into an auction, and will therefore receive the highest price any speculator is willing to pay for each RT. Further trades of RT&#39;s take place in a market setting. 
         [0070]    It is to be expected that RT&#39;s associated with finalizations that are far in the future will sell for less than RT&#39;s associated with immediately upcoming ones. 
         [0071]    For example, say 100,000 copies of a CD have been sold, and the original owner now decides to sell more RT&#39;s to the speculators. It is extremely likely that at least 100,001 CD&#39;s will be sold, so the price for the next RT is likely to be very close to the regular price for the CD. However, if the speculator decides to sell 900,000 RT&#39;s, then the “IPO” price for the 1,000,000 one might be very, very low, because it may not be at all obvious that the CD will ever sell 1,000,000 copies. The speculator&#39;s skill—the area in which they make their profits—is in judging how many copies a particular work will sell. Our sequential approach, described in my most recent patent application, greatly enhances the ability of a speculator to profit from that skill; it removes many factors that could distort his profits. 
         [0072]    Since RT&#39;s are finalized in sequence, if a consumer buys an RT from the speculators market, he may not be able to finalize it for some time. 
         [0073]    But there is a queue where consumers can buy the next RT to be finalized, separate from the speculator&#39;s market—actually they are not really buying an RT at all, they are buying a finalization, which will be immediate because they are buying the next finalization. 
       Example 1 
       [0074]    An original owner wants to make 100,000 RT&#39;s available for sale for a particular item, for instance, a recording of a particular song that will be downloaded. The price will be the same for every download, $0.25. He wants to sell 10,000 downloads directly, but since he isn&#39;t sure that the song will sell more downloads than that, he makes subsequent download available to the speculator&#39;s market. See  FIG. 2 . The original owner causes 90 records to be entered into database table RTTable ( 1 ), each of which represents a sales unit of 1,000 RT&#39;s. Status for every record is set to Avail (meaning that the RT is available to be purchased). SpeculatorID is set to null. ItemID is an identifier of the particular song that will be downloaded. (We will assume it is 104). 
         [0075]    That is, this table may contain RT information for many different songs; the ItemID allows us to associate a particular record with a particular song. Each record has a unique (within the ItemID) SeqNo in the range of 11 to 100. That is, SeqNo&#39;s may not be unique in the overall table, but combined with the ItemID comprise a unique key into the table. They start at 11 in this case because the original owner has already committed the first 10,000 downloads to be sold by him directly. FinalizedCount is set to 0 because none of the RT&#39;s represented by this block have been finalized yet. See  FIG. 3 . 
         [0076]    A set of auctions is arranged, through methods similar to those on eBay, whereby these blocks of 1,000 RT&#39;s are sold. In fact, the auctions could be conducted on eBay. 
         [0077]    Now, at some point soon after the song has been released a speculator, represented in SpeculatorTable  2  by the record with SpeculatorID=452, comes to believe that the song is going to sell 100,000 copies. He places a bid on the block represented by the record with ItemID  104  and SeqNo  100 . 
         [0078]    Assume he wins the auction with a bid of $100. Now Status is set to Purchased, and RTTable.SpeculatorID is set to 452. See  FIG. 4 . 
         [0079]    Before and after this purchase, other speculators will have been purchasing other blocks. 
         [0080]    Separately, downloads are available to consumers. The first 10,000 have no effect on our database because they were not in the speculator&#39;s market. Subsequent downloads update our database. Continuing with our example of speculator  452 , assume that the 90,001st download occurs. The RTTable record with ItemID  104  and SeqNo  100  is retrieved and FinalizedCount is changed to 1. The record is saved back into the database. 
         [0081]    This change to the database represents the fact that one download has been conducted against speculator  452 &#39;s block. Each time a download occurs after that, FinalizedCount is incremented for the same record until it reaches 1,000. (By that point the original owner may have entered some more RTTable records to represent succeeding downloads, or he may sell succeeding ones directly). 
         [0082]    When FinalizedCount reaches 1,000, the SpeculatorTable record with SpeculatorID  452  is retrieved and payment for 1,000 downloads, is made into his bank account. This payment is $250 minus some processing fees, which in our example happen to be 5%. So $237.50 is deposited into the bank account, and he has made a net profit of $137.50 for correctly identifying that 100,000 downloads would occur. See  FIG. 5 . 
         [0083]    Note that Example 1 is only to be considered as an example. To list a few of the many variations that could occur: Different numbers of downloads can be represented by a record other than 1,000, including, for example, 1. Instead of representing downloads, the records may represent listens to a song (RTE&#39;s), or RTB&#39;s. Instead of purchasing the RT&#39;s with money, the RT&#39;s could be purchased with some other valuable such as points earned by doing a useful service. (For example, on the Emergent Music web site, http://www.emergentmusic.com, points are earned by accurately rating music and by recommending music that others subsequently find to be worthwhile.) The subsequent payment, however, could be in money, or in points that have some other kind of value. As another variation, the original owner could share in the profits of each finalization; that is the consumer may pay $0.25 for a download, where $0.0125 went to transaction fees and $0.10 went to the original owner, leaving $0.1375 for the speculator. Many other variations are possible. 
         [0084]      FIG. 1  shows the operation of an exemplary embodiment of the present invention. In order to establish a market, first a financial right is determined  13 . The financial right is established as a right which can be sold. This becomes a right which is the subject of the transaction, referenced as RT  15 . The RT can be a right to download (RTD)  21 , a right to experience (RTE)  22  or a right-to-buy (RTB)  23 . 
         [0085]    A finalization event is defined and the finalization event takes place  25 . The finalization event may be one or more of object downloaded  31  in the case of an RTD, object is experienced  32  in the case of an RTE or physical object is bought  33  in the case of an RTB. The finalization event is deemed a purchase  35  of the RT. 
         [0086]    The finalization events are permitted to occur in a sequential order. That order is established as a sequence, so that the RT&#39;s are finalized in the sequence  37 . The RT&#39;s are then sold  39 , and records representing status of each RT are stored  41  in a database. 
         [0087]      FIG. 2  is a diagram showing database tables in accordance with one embodiment of the present invention. An RT table  61  and a speculator table  62  are shown. The RT table  61  includes an item ID, a sequence numbers, a status indication, a speculator ID, and a count of finalized transactions. The speculator table  62  includes a speculator ID which should correspond to the speculator ID of the RT table. The speculator table  62  also includes a name, address and bank account for the speculator identified in the speculator ID. 
         [0088]      FIG. 3  is a flowchart showing original owner creating RT&#39;s in accordance with one embodiment of the present invention. As can be seen, the original owner decides to make a particular number of RT&#39;s available. These appear as the item ID in the RT table  61 . The RT&#39;s are provided in blocks as desired by the original owner. The corresponding rows are added to the RT table with sequence numbers. The items in each row are given the appropriate values in the RT table. 
         [0089]      FIG. 4  is a flowchart showing a speculator buying RT&#39;s in accordance with one embodiment of the present invention. The speculator decides to buy a particular block of RT&#39;s. The record is then updated in the RT table. 
         [0090]      FIG. 5  is a flowchart showing a consumer finalizing an RT in accordance with one embodiment of the present invention. The consumer causes the finalization of the RT. The RT table is then updated for that particular sequence number.