Unlock instant, AI-driven research and patent intelligence for your innovation.

Controlling transactions

A technology of transaction and behavior, applied in a field of design

Inactive Publication Date: 2007-02-28
BRITISH TELECOMM PLC
View PDF0 Cites 2 Cited by
  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

However, the parties may not have known each other before, e.g. vacationers 20, travel agents 21, airlines 22, transport operators 23, 24 and insurance companies 25 may not have previously dealt with each other

Method used

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
View more

Image

Smart Image Click on the blue labels to locate them in the text.
Viewing Examples
Smart Image
  • Controlling transactions
  • Controlling transactions
  • Controlling transactions

Examples

Experimental program
Comparison scheme
Effect test

Embodiment Construction

[0041] Many variants of the protocol can be obtained by modifying the rules of conduct. The versions described should be considered as illustrative examples. Two different embodiments will be described in which the handling of a signed trust contract and the message schema used to propagate the contract will be described. In both embodiments, the signing party typically selects another party and sends it the revised contract.

[0042] In the first embodiment, there is only one kind of message. The message is forwarded from each device to the next until all parties have signed, after which it is forwarded directly back to the originator.

[0043] In the second embodiment, there are two kinds of messages: requests and responses. Every request sent from an initiator to another participant must be followed by a corresponding response from that other participant to the initiator. The response indicates whether the responder accepted or rejected the request, and also includes an...

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

PUM

No PUM Login to View More

Abstract

Before a transaction takes place between a plurality of agent-based devices (21-29), not all of which have previous experience of each other, a data file is created which identifies all the agents which are to take part in the transaction. The data file is circulated to all the agents, and each agent endorses the data file in respect of each other agent with a positive, negative, or conditional endorsement, based on stored data indicating whether that agent is capable of co-operation with the other agent. A negative endorsement is applied by an agent in respect of any agent with which it is not prepared to co-operate. Such a negative endorsement is fatal to the transaction. A positive endorsement is applied by an agent (21) in respect of any other agent (27) with which it is unconditionally prepared to co-operate. A conditional endorsement by a first agent (21) of a second agent (23) is applied where the first agent (21) has insufficient data to apply either a positive or negative endorsement, and expresses conditions which would allow the endorsement to be made positive—for example positive endorsement by some other specified agent (28). If these conditions are subsequently satisfied, the endorsement is amended to positive. When all agents (29) have endorsed the data file, if all the resulting endorsements are positive a successful validation is reported to the originating agent (20), allowing the transaction to proceed.

Description

technical field [0001] The present invention relates to an apparatus and process for facilitating electronic transactions between two or more processing devices each representing a party to a transaction in an open distributed system or other based Transaction establishment basis for machines, and more particularly, the present invention relates to a distributed protocol for establishing the basis for an agreement between users of such devices to cooperate to provide services in electronic transactions or agreement. Background technique [0002] Any transaction requires an element of trust between the participants. The notion of trust can be formalized along the following lines. Suppose we have a situation where one party (B) offers some promise to another party (A), possibly getting some reciprocal promise in return. Party A cannot be sure that Party B will deliver on its promise. If party A accepts an offer from B, it will then act on the assumption that B will fulfill...

Claims

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

Application Information

Patent Timeline
no application Login to View More
Patent Type & Authority Applications(China)
IPC IPC(8): G06Q30/00G06Q10/00H04L29/08
CPCG06Q10/10G06Q20/40H04L67/06
Inventor 保罗·约瑟夫·卡尼西蒙·彼得·格里菲思罗伯特·约翰·格拉斯福德
Owner BRITISH TELECOMM PLC