Trading Platform Interface with Chat Hyperlink Ordering
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Solution Overview
Problem
Current computer-based trading platforms for primary production commodities, such as animal and plant products, are inefficient in negotiating and finalizing contracts, requiring manual processes and lacking digitized audit trails, leading to laborious and time-consuming workflows.
Innovation Solution
A user interface integrating a text-based chat function with a hyperlinking and ordering system, allowing buyers and sellers to communicate, identify products, negotiate terms, and settle transactions within a single interface, utilizing a software-based keyword recognition module to transform keywords into hyperlinks for product information and enabling seamless order placement.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of time
If manual processes are used for negotiating and finalizing contracts across multiple platforms, then communication flexibility is maintained, but time consumption and labor intensity increase significantly
Solution Approach 1:
The patent combines chat functionality, keyword recognition, hyperlink generation, and order placement into a single integrated trading platform interface. This merging eliminates the need to switch between multiple communication platforms and manual processes, directly reducing time consumption while maintaining communication flexibility through the unified interface.
Solution Approach 2:
The trading platform interface is designed to perform multiple functions within a single system: communication via chat, automatic product identification through keyword recognition, information retrieval via hyperlinks, and order finalization. This multi-functionality reduces the need for separate tools and platforms, addressing both time loss and system complexity.
2Ease of operation
If a text-based chat interface is used for negotiation, then communication flexibility is maintained, but the process becomes laborious and requires switching to other platforms for order placement
Solution Approach 1:
The patent merges the order placement functionality directly into the chat interface. When a buyer types a product keyword during negotiation, the system automatically generates a hyperlink that allows immediate order placement without exiting the chat window. This integration significantly improves ease of operation and reduces time for order finalization.
Solution Approach 2:
The system performs preliminary actions by automatically recognizing product keywords during chat and pre-generating hyperlinked order options before the user explicitly requests them. This anticipatory functionality streamlines the ordering process, making it more efficient and easier to execute.
3Reliability
If digital records are generated for transactions, then audit trail completeness is improved, but system complexity increases
Solution Approach 1:
The patent integrates audit trail generation into the existing chat and ordering functions. Every message, keyword search, hyperlink click, and order placement is automatically recorded as part of the natural transaction flow. This merging approach improves audit trail completeness without significantly increasing system complexity, as the recording function is embedded within existing operations.
Data Source
AI summary
Computer-based platforms and interfaces for trading a commodity such as primary production commodities, including meat, leather, grains, fruit, vegetables, flowers, seeds, living plants and timber. In particular, a user interface provides for input and output of data or information via an electronic screen. The interface has a text-based chat function for communication between a buyer and a seller, an order function allowing the buyer to order a first product from the seller, and a hyperlinking function to transform a keyword related to the product input by the buyer in the course of using the text-based chat function into a hyperlink actuatable by the buyer. When the buyer actuates the hyperlink, the order function presents an input option for the buyer to add the first product to an order by way of the order function.