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United States of America Patent
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May 16, 2017
Issued Date -
N/A
app pub date -
Dec 23, 2013
filing date -
Sep 18, 2000
priority date (Note) -
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Abstract
A network-based reverse auction system value discovery system that involves at least four major customers: consumers, and the three sell-side customers bidder/sellers, product manufacturers, and advertisers who are not also product manufacturers. Initially, a shopping list is constructed containing e.g., widely available goods (WAGs). The shopping list is the base of the value discovery network and adds significant value for each of the four key customers. A sell-side icon may be used to add items to the shopping list.
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