BarterQuest, a platform that supports the cashless exchange of
goods, services and real estate, has announced that it has been
issued the first patent related to its proprietary technology. While
several patents remain pending, a patent for the process of forming
and managing barter transactions, referred to as the site’s “trading
engine,” was issued on April 12, 2011.
The
trading engine is intended to provide users with a systematic way to
initiate and complete trades, avoiding the endless communication
that can render trading problematic.
“Issuance of this patent establishes BarterQuest as a leader in
internet barter technology and further differentiates BarterQuest
from all other trading sites,” stated Dr. Paul Bocheck, President &
CEO of BarterQuest.
“BarterQuest is designed to fully answer the problems historically
associated with barter, making trading easy,” he continued. “Our
trading engine is complimented by our matching engine, which
instantly finds reciprocal trades in the form of both two-party and
multi-party transactions. We believe that our unique combination of
technology and features is necessary for BarterQuest to support
large scale trading activity.”
BarterQuest supports the cashless exchange of all types of goods,
services, and real estate. The company provides a trading platform
based on proprietary technology (patents issued and filed) that
instantly matches the haves-and-wants of users for two-party and
multi-party trades. Barter is facilitated by a user friendly web
design that is unique in its combination of features that support
trading. The site serves as a bridge between the consumer and
business markets (C2C, B2C and B2B).
BarterQuest is headquartered in New York City and is owned and
operated by JPM Global, Inc., a Delaware corporation.
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more information
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