SYSTEM AND METHOD FOR TRADING DIGITAL ASSETS BETWEEN MOBILE DEVICES
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United States of America Patent
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N/A
Issued Date -
Jun 19, 2014
app pub date -
Dec 14, 2012
filing date -
Dec 14, 2012
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A mobile device and method are disclosed for trading a digital asset with a buyer device. The method provides for publishing a publicly available list of digital assets from the selling mobile device that can be accessed by potential buyer mobile devices over a network. The seller mobile device evaluates a certificate associated with the digital asset to determine what trading rights are available to the seller device and what payment obligations to interested parties are associated with the digital asset. The payment obligations allow for revenue sharing between the seller device and the interested party as specified in the certificate. The seller mobile device verifies that the payment obligations are satisfied based on the terms of the trade for the digital asset and then transmits the digital asset to the buyer device.
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