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A market regulation method and system based on block chain and reverse auction

A reverse auction and control system technology, applied in the blockchain field, can solve the problems of financial stability facing huge risks, inability to apply market framework, and inability to control in real time, so as to achieve the effect of promoting financial stability

Active Publication Date: 2022-02-18
SUN YAT SEN UNIV
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

However, these approaches cannot be applied to existing blockchain-based marketplace frameworks for the following reasons
First, the issuance of cryptocurrencies is based on mathematical rules and cannot be controlled by governments or banks in real time; second, these frameworks are designed to be completely free markets, allowing any verified transaction to be generated, which makes the existing blockchain-based market framework Similar to a wild horse without any restrictions, the market price may fluctuate greatly, and the financial stability of the market will face huge risks

Method used

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  • A market regulation method and system based on block chain and reverse auction
  • A market regulation method and system based on block chain and reverse auction
  • A market regulation method and system based on block chain and reverse auction

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Embodiment 1

[0047] In view of the defects existing in the existing technology, the inventor actively researches and innovates based on years of rich practical experience and professional knowledge in this field, and cooperates with the application of academic theories, in order to create a feasible financial market regulation technology that will make it More practical. After continuous research, design and repeated trials and improvements, the present invention with real practical value is finally created.

[0048] see figure 1 , figure 1 It is a schematic flow chart of a market regulation method based on blockchain and reverse auction disclosed in the embodiment of the present invention. This method is applicable to the scene of financial transactions in the Internet field. Market regulation system, which can be realized by software and / or hardware, integrated inside the computer. Such as figure 1 As shown, the market regulation method based on blockchain and reverse auction may inc...

Embodiment 2

[0097] Please refer to the attached figure 2 , is a functional module diagram of a blockchain-based and reverse auction-based market regulation system provided in Embodiment 2 of the present invention, the system is suitable for implementing the market regulation based on blockchain and reverse auctions provided by the embodiment of the present invention method. The system specifically includes the following modules:

[0098] The contract activation module 201 is used for activating the smart contract according to the order entered by the market regulator in each time period of the market life cycle, so as to conduct reverse auction;

[0099] Threshold determination module 202, used to calculate and determine the threshold amount;

[0100] The buyer admission module 203 is configured to grant the buyer the right to enter the market after the buyer pays the threshold amount to the smart contract, so that the buyer becomes a potential buyer;

[0101] The seller access module...

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PUM

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Abstract

The invention discloses a market regulation method and system based on block chain and reverse auction, wherein the method includes: in each time period of the market life cycle, activate the smart contract according to the order input by the market supervision agency to conduct reverse auction to the auction; calculate and determine the threshold amount; after the buyer pays the threshold amount to the smart contract, the buyer is given the right to enter the market, so that the buyer becomes a potential buyer; after the seller makes an offer through the interface of the smart contract, Give sellers whose quotations are lower than the threshold amount the right to enter the market, so that sellers whose quotations are lower than the threshold amount become potential sellers; through smart contracts, potential buyers and potential sellers entering the market are randomly matched to complete market transactions. The invention can not only support transactions between buyers and sellers, but also retains the advantages of the underlying blockchain, and at the same time provides an interface for market regulators to adjust market adjustable factors, so as to promote the financial stability of the market.

Description

technical field [0001] The invention relates to the technical field of block chains, in particular to a market regulation method and system based on block chains and reverse auctions. Background technique [0002] The Internet of Things is capable of connecting devices and users with the smart world, and has great competitive advantages in areas such as autonomous driving, smart grid, and urban search and rescue, and has attracted great attention. IoT devices are heterogeneous in many ways, so there are often transactions between them to exchange resources for mutual benefit. For example, for some IoT devices with limited computing resources, paying a certain fee to the edge server to purchase offloading services can greatly reduce task processing delays and battery consumption. As another example, different IoT devices may be equipped with different sensors. In order to obtain more types of data, IoT devices will choose to conduct transactions with other devices. However,...

Claims

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Application Information

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Patent Type & Authority Patents(China)
IPC IPC(8): G06Q30/06G06Q30/08G06F21/64
CPCG06Q30/0607G06Q30/0611G06Q30/0605G06Q30/08G06F21/64
Inventor 陈武辉张伟焜蔡婷郑子彬
Owner SUN YAT SEN UNIV