Patent ID: 7827078

Claim:
A method for conducting electronic transactions of warehouse receipts comprising: receiving at a processor an input from an issuer requesting access to one or more blank templates, wherein at least one of the one or more blank templates corresponds to at least one electronic warehouse receipt for at least one commodity; identifying an entity type for the issuer based on registration data associated with the input; retrieving a particular template for the at least one electronic warehouse receipt from a storage media; generating at the processor the particular template for display to the issuer based on the entity type identified, wherein the issuer is associated with at least one node along a network; receiving another input from the issuer to complete the particular template, the other input identifying an amount of a particular commodity; creating the at least one electronic warehouse receipt for the particular commodity in response to the other input; issuing the at least one electronic warehouse receipt corresponding to the entity type identified and the amount of the particular commodity, the at least one electronic warehouse receipt serving as evidence of a title to the amount of the particular commodity; permitting the transfer of the at least one electronic warehouse receipt from one holder of the at least one electronic warehouse receipt to another holder of the at least one electronic warehouse receipt, the holders of the at least one electronic warehouse receipt associated with at least one node along the network; maintaining the at least one electronic warehouse receipt in the storage media in electronic communication with the network, wherein maintaining the at least one electronic warehouse receipt includes updating the at least one electronic warehouse receipt to reflect the present holder of the at least one electronic warehouse receipt; and providing access to the at least one electronic warehouse receipt to multiple users that are associated with the at least one node along the network by placing the at least one node into electronic communication with the storage media over the network, each of the multiple users provided access to the at least one electronic warehouse receipt in accordance with their relationship to the at least one electronic warehouse receipt.