WO2002025527A1

WO2002025527A1 - The stock information business model on a wire-wireless internet

Info

Publication number: WO2002025527A1
Application number: PCT/KR2001/001581
Authority: WO
Inventors: Eunseon An
Original assignee: Furoan Co.
Priority date: 2000-09-22
Filing date: 2001-09-21
Publication date: 2002-03-28
Also published as: KR20010000364A; AU2001292384A1

Abstract

This invention is about the method of trading stock information absed on wire and wireless internet, withdraws the cost of information and pays back according to the judgement bases of information value. This information business model removes the halo-effect and makes the trading possible by the objective evaluation.

Description

THE STOCK INFORMATION BUSINESS MODEL ON A WIRE- WIRELESS INTERNET

THE DESCRIPTION

[ 1 I Technical Field

This invention admeasures value of information and make buying and selling of information to be possible by evaluating information according to a fixed standard by concerning to the Securities Report buying and selling method through a wire-wireless internet.

Through after-sales service thereafter authoritativeness of information, thing about the Securities Report buying and selling method of administrable information viewpoint, that define and keep and manage and increase be. Development of Internet is forming new paradigm over society, all field of economy, and specially, the development of electronic commercial transaction is impelled.

Nothing but the existent buying and selling pattern were limited in transaction for type goods, were hard that is no transaction standard for goods of immaterial being, and overcome uppermost the limit of electronic commerce.

This invention conducts information pricing to solve the problems of wild Securities Report Service in information ability and each kind communication medium that only specification specialists have in the old Securities Report Market and the qualitative elevation of information, authoritativeness promotion, negotiability extension etc. have to be gone ahead. Wish to offer the Security Information Business Model of information viewpoint, which present the Objective Evaluative Criteria of information according to this, and compose buying and selling by value of information.

[ 2 ] Background Art

The payment usage of information price of existent online -offline Security Information Connection Service Companies (security related internet site, IP/CP communication information services company, ARS telephone security information company (ARS; Automatic Response System), etc.) is prepayment system doing information in offer, therefore could not solve buyer's complaint for information contents.

There is no Objective Evaluative Criteria of information, guarantee is not becoming after buying report, and it was difficult to keep the authoritativeness security of information.

In addition, because the price of information is standard and subordinate to institution, it loses independency as individuation information, qualitative improvement of information is not becoming. And Could not remove distortion of information (value of information extension, value of information reduction) that do that is by Hallo-effect because it was the estimation method by human special quality such as results informant's career and social name value, past accomplishment without evaluating value of information according to individuation value of each information.

Information user could only just share all current expense and uncertain danger and take advantage of information thereby.

The information that verification been using to achieve specific person's purpose such as large quantity diffusion of badness information for other purpose with entrance on the stage of tactics influence that take advantage of share of each kind information carrier does not become are passed to several people by Halo Effect and well-meaning sufferer happens. Therefore, after Information becomes transaction, the authoritativeness verification of information may have to consist necessarily.

In addition, the value of Information Evaluative Criteria of new concept and Information Buying and Selling System Model that can solve the problem of Current Securities Report Service that use each kind information carrier are required.

The value of information in existent Pay Information Services is unchangeable dependently in change of time and the selling price is dealt with being fixed by the flat sum system at time of offer information.

So, They do not reaction when believability about information changes adaptively, danger about buyer's defrayal responsibility and future uncertainty is increasing. By this, consumers' grievance could only just decay. It is the basic idea of Information Business System in this invention that the value of information changes according to time and does not evaluate according to absolute value by informant, and it sees that must reflect the relative value of information buyer and is evaluated.

Buyer pays expense that follows in preference time difference as effort to maximize consumption usefulness by The Subjective Utility Function about the future value of information and do a purchase as long as value of information exists.

If the value of information exists, an arbitrage happens, and the buying and selling activation of information may be helped more if system solves the risk of a cost burden of transaction, because it causes greatest of Expected Utility.

[ 3 ] Disclosure of Invention

We wish to present the wire-wireless Internet Securities Report Business Model consisted of following step to achieve a purpose of invention. First, because seller informs to SITE, it forms Business Market and the step that do so that transaction may be concluded.

Second, the step that is verified the value of information by Objective Evaluative Criteria. Third, the step that is adjusted a price of information according to the believability of information and profitability yardstick.

Fourth, the settling price of information settlement step completed.

Seller's information offer step inputs particularity of information (The name of Securities Report, recommendation reason, analysis contents, information price, target returns on investment, anticipation investment period) to use coupled terminal to wire-wireless Internet and sells after connect to Buying and Selling System that control model of invention. Seller decides information price voluntarily this time.

The Securities Report Business System that value of information verification step sees achieves objective estimation of information.

Use Actuality returns on investment, Standard returns on investment, Target returns on investment, the Basis Estimate Rate, the Target Estimate Rate, etc. by Evaluative Criteria of value of information here.

Adjust price of information by upward or downward trend according to the profitability of information value and the authoritativeness yardstick at step that adjust information price.

Wish to present the standard returns on investment method and the target returns on investment method, the Information Seller Center

Method and the Information Buyer Center Method by the example in this invention.

When buyer buys information, method to settlement expense processes by Temporary Settlement Way and information is dealt with.

Customers do charge or exchange into Cyber Money that is a transaction tool taking advantage of settlement means in each kind electronic commerce, and they pay or charge reward of information using it. As this, finalize a cycle of buying and selling transaction. Is same as following if explain to be detailed using drawing about practical application example of this invention. Attached drawing is an example that explains invention that see concretely, and Extent of this invention is unlimited by explanation that refer drawing and drawing.

<FIG. 1> is a Flow Chart that seller and buyer inform and display process that use connecting to Securities Information Business System through wire-wireless internet.

Equip form that approach to Web Server taking advantage of web as primary, and associate by Application Server and compose system coming Database Sever that manage information.

<FIG. 2> is a basis process that seller registers information and compose information the buying and selling system in invention that see as process that decide a price of information.

Price decision competence of information can is, and is not influenced by some external constituent and decides voluntarily to seller entirely.

This is to keep independency as individuation information from information seller's human element. (Career, Results, Fame, etc.) Insist that only this system can promote activation of information circulation.

<FIG. 3> is the Flow Chart about process that information buyer buys a pay information. The Information Buying and Selling Price Settlement means consists through Internet Cyber Money. Buyer must fill up Cyber Money to buy information and can change Cyber Money in cash.

When buyer buys information in this invention, method to settlement expense processes by the Temporary Settlement Way and information is dealt with.

Before the authoritativeness verification of information is completed and a price of information is decided finally, the transaction reward is kept as deposit to system. This process is controlled in the Internet Electron Settlement System of invention. <FIG. 4> is a Flow Chart that display the processor that calculate information seller's sales performance.

Results of each information and authoritativeness estimation are stored to DB being executed from time to time and serve information buyer and becomes display to Web, these process increases efficiency of information circulation.

Information sale earnings can be utilized by the index that displays buyer's reaction degree and seller's believability being stored to seller's information DB.

<FIG. 5> is Flow Chart that express process that decide information price according to a standard returns on investment that decide by profitability Evaluative Criteria of information, information price of this is adjusted according to believability measurement result of information. Value of information need Evaluative Criteria that ensue in individuation special quality because is not subordinate .on informant's human element and has independency in each information.

This invention took the advantage of standard returns on investment first by the Evaluative Criteria of information, and secondarily, did via estimate returns on investment (target returns on investment) that presented at information sale.

First, determine investment period compulsorily to foretell believability of information when exceed anticipation investment period number of days for the actuality investment period. If the actuality returns on investment achieved more than the target returns on investment, the price of information is decided finally by 100%. On that time, if option (200%) was added the price of last information by 200% of the first information price settlement process. In addition, if the actuality returns on investment is short to the standard returns on investment condition, the buying and selling price of information is decided in 1/2 of price first time and when the actuality returns on investment is negative number, price of information amounts to free of charge. Also, the price of information amounts to free of charge in case the actuality returns on investment is smaller than lowest guarantee earnings rate according to option availability, and it is model that compensate to information buyer. This system acts functions that drive qualitative improvement of information and increase believability, can motive variety of information and accomplish activation of information circulation by removing value of information uniformity anger in information society.

<FIG. 6> is the Flow Chart about method that decide information price by the target returns on investment standard on time that sell information. This method is system that evaluates value of information via earnings rate the future that predicted when seller informs. Because believability of information is 100% if achieved target returns on investment, price of information decided finally settles total amount by price that presented first time.

If the believability of information did not achieve target, it corrects proportionally in results and settle price of information. (Actuality returns on investment ÷ Target returns on investment) The calculation of actuality returns on investment is done via information seller's selling point here.

This maximizes value of information as price decision method by believability of information, and to buyer and seller profit there is effect that does cooperation distribution and increase efficiency of transaction.

<FIG. 7> is the Flow Chart about method that decide information price via the target returns on investment on time that buy information.

Because believability measurement about value of information bases time that buyers buy information, buyers pay each information reward according to profitability of information.

This system takes advantage of returns on investment until time that seller ends period of information from day that buyer buys information by method that evaluate value of information. Because believability of information is 100% if achieved the target-earnings rate during the period, the last information price is calculated by the information price first time. If information did not target achievement, target achievement corrects information price being proportional to (Actuality returns on investment ÷ Target returns on investment) and settlement is processed. Actuality returns on investment calculation bases time that information buyer buys information here.

This model sees that can protect all buyers who buy that at different day in a term of validity of information, and it is method that can solve the imbalance of value of information by time difference that is in though passes information between each buyers and seller.

This means that there is value of information finally if there is recommending information that seller's information does not become completion, see that information purchase is valid.

Solve disadvantage that ensue in difference buyers' purchase time by this invention, and may do so that value of information may be distributed efficiently according to profit.

[ 4 ] Brief Description of Drawings

FIG. 1: Information Business Model's basis composition FIG. 2- Flow Chart that express information seller's information registration process FIG. 3: Flow Chart that express information buyer's purchase process FIG. 4: Flow Chart that express information seller's sales performance FIG. 5: Process that decide a information price by the standard returns on investment

FIG. 6- Process that decide a information price by the target returns on investment standard (information seller's center standard) FIG. 7- Process that decide a information price by the target returns on investment standard (information buyer's center standard) %. Explanation of symbols about main part of drawings

A: the Actuality returns on investment; this is returns on investment until a day that do sell disposal since a day that recommend information

A^': the Actuality returns on investment; This is returns on investment until a day that do sell disposal since a day that buy information

B^' the Standard returns on investment; Plus earnings rate of fixed standard (ex^*- + 10% returns on investment)

C^" the Target returns on investment; Expected estimate returns on investment when supply information D^* the Lowest guarantee earnings rate; Minus earnings rate of schedule standard (ex' -10% returns on investment)

E^* the Anticipation investment period; Presented anticipation investment period when supply information

F^* the Actuality investment period; since a day that recommend information recommendation exception investment period until a done day be that

G' the First information price; Price of presented information when supply information first time

H^' the Last information price; Price of decided information after investment period executes authoritativeness estimation of information being ended

[ 5 ] Best Mode for Carrying Out the Invention

This invention by a thing about the Security Information Buying and Selling Method of Information center based on wire & wireless Internet,

(1) The first step that makes the stock information trading possible as information sellers provide the numerous unspecific users with free or charged information.

(2) Seller decides the price of information autonomously, and Buyer sees the information after pay information price connecting to the Buying and Selling System. This time, the system is processed by the Temporary Settlement Way interiorly and seller's information circulation income is reserved until the value estimation of information is completed. This is the step that buyer pays reward of information under supposition which buyer trusts information.

(3) After the investment period is ended, step that verifies confidence that decides value existence and nonexistence of information and measure a numerical value of information. System estimates the authoritativeness of information if a validity period of information that seller presented first time passes, and there that is proportional and charge information expense to buyer in gains by benefit of information is the information business system of mutual benefits equality principle.

(4) Process that retire seller's earnings which is decided and pay back buyer's expense according to value of information, If the believability of information is decided finally by Information Evaluation System, accomplish process that transaction is completed processing last settlement by modified price to buying and selling person concerned. Because buyer pays expense according to gains of value of information, buyer can solved complaints about all purchase expense of information and an uncertain risk of future.

(5) Feedback step that generalize information seller according to such each step process result, By information center type business model who is created at these process removes errors (hallo-effect) by existent human center type's information estimation, it is thing about doing method so that can buy and sell the security information through the Objective Estimation. [ 6 ] Industrial Applicability

According to method of this invention, many information sellers informs to many information buyer who is unlimited, and Because price is adjusted hereafter according to judgment standard of each information value, responsible offer of good quality and economic performance of circulation are defined. Value of information sees that get into standardization or unionization cannot become genuine commercialization on information-oriented society. It can accomplish activation of information circulation market that invent value of correct information in various consumer's purchase desire. Also, convince effect to take charge role that abreact distortion of done information marketplace to wrong rumor.

This model can solve problems that paid a purchase expense about information that authoritativeness verification does not become and imputed a risk about future uncertainty of information to buyer entirely that had been existent many security information companies' limits. Then, see that can secure confidence and profitability of information and is full protect information buyer's interests.

Therefore, if this security information business model is constructed, the negotiability of information may be increased more effect.

Claims

[Claim 1] In buying and selling method of security information that is offered by a wire -wireless internet;

By information buying and selling method, buyer receives information after pay temporary a selling price that seller requires when buy information. Then, process that transaction is completed doing last settlement processing by adjusted price to buying and selling person concerned deciding last information price if investment period is ended.

[Claim 2] To manage information that seller offers ;

In case of seller's information past the prediction investment period that proposed first time, process that do to establish investment period after expiring of recommended validity of information compulsorily, and calculate returns on investment of the information.

[Claim 3] Process that system measures value and believability of information, and adjusts the price of information that seller presented first time.

[Claim 4] From Claim 3 ; Method to decide particular earnings rate interiorly in system, and use the standard returns on investment that evaluate value of information according to it.

[Claim 5] From Claim 3 ;

Method to decide information price using the target returns on investment that is the returns on investment that seller predicted during investment period when supply information.

[Claim 6] From Claim 3 ;

Method to decide information price using the actuality returns on investment that buyer achieves during period until seller's investment period close date since a day that buyer buys information.

[Claim 7] From Claim 3 ;

If add option item and is applied in the standard, method to decide the last price of information fulfilling relevant condition.