Structured B2B Trade Database Using Global Classification
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Solution Overview
Problem
Current Business-to-Business (B2B) electronic trade platforms face challenges such as unstructured databases, lack of information on prices and quality, limited search functionality, regional scope, reliability, and absence of tendering capabilities, which hinder efficient global trade operations.
Innovation Solution
A system and method for global electronic trade that includes structured databases for goods and services using the Global Classification of Branches of Economy, Goods and Services, user registration with secure payment, and tendering capabilities, enabling effective partner selection and transaction management.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of manufacture
If unstructured databases are used to store goods and services information, then the system is easier to implement initially, but search effectiveness and partner selection efficiency deteriorate
Solution Approach 1:
The patent transforms unstructured information into structured data by implementing a standardized database schema with specific parameters for goods and services classification. This includes defining standardized fields for product descriptions, specifications, pricing, and categorization, thereby enabling efficient querying and comparison while maintaining implementation feasibility through systematic data organization.
Solution Approach 2:
The patent segments the database into distinct modules including goods catalog, services catalog, company profiles, and transaction records. Each segment is organized with specific data structures optimized for its function, allowing independent management and efficient retrieval without requiring complete restructuring of the entire system.
2Loss of information
If visual viewing of information is provided on B2B sites, then all information is accessible to users, but the time required to search for needed information increases considerably
Solution Approach 1:
The patent replaces manual visual scanning with automated electronic search mechanisms including keyword search engines, filter-based navigation, and algorithmic matching systems. These automated tools quickly retrieve relevant information from the database without requiring users to manually view and compare numerous entries, thereby maintaining full information accessibility while dramatically reducing search time.
Solution Approach 2:
The patent introduces intermediary search tools and interface elements that mediate between the user and the comprehensive database. These include search bars, filtering mechanisms, and recommendation systems that process user queries and present filtered results, acting as intermediaries that preserve access to all information while eliminating the need to visually traverse the entire dataset.
3Reliability
If complete information on prices and quality characteristics is provided, then buyer decision-making is improved, but data collection complexity and verification requirements increase
Solution Approach 1:
The patent implements universal data collection standards and templates that can be applied across different goods and services categories. These standardized forms capture price, quality, and specification information in a consistent format, enabling multi-functional use for various product types while reducing the complexity of data collection through repetition and standardization.
Solution Approach 2:
The patent incorporates feedback mechanisms where user ratings, reviews, and verification data are collected and integrated into the database. This feedback loop continuously improves the quality and reliability of information by incorporating real-world performance data and peer validations, thereby enhancing decision-making reliability while distributing the verification burden across the user community rather than requiring centralized complex verification.
Data Source
AI summary
A system and method of global electronic trade in the Internet is provided. The method of global electronic trade for sellers and buyers via the Internet includes registering the sellers and the buyers; providing information regarding goods or services to the registered sellers and buyers; selecting of trade partners based on the provided information; holding tenders; conducting of transactions between the trade partners; conducting a post-transaction procedures; and protecting of information in the system of global electronic trade. In a basis of a method of global electronic trade are put: a method of creating of databases of structured information about offers of sellers and about requests of buyers; and a method of searching of trade partners. The method of creating of databases of structured information in the system of global electronic trade includes: filling an application form by sellers and by buyers; creation of the database of information about proposed goods and services, structured on the basis of the Global Classification of Branches of Economy, Goods and Services (GC) and on the basis of other data, included in this application form; creation of the database of information about requests of buyers, structured on the basis of the Global Classification of Branches of Economy, Goods and Services and on the basis of other data, included in this application form. The method of searching of trade partners includes a method of searching by sellers in database about requests of buyers, a method of searching by buyers in database about offers of sellers, forming a list of results of search, which has the same structure, as the specified databases; a procedure of interactive or automatic selecting of a needed data from the list of result of search.