Company Filing History:
Years Active: 2017
Title: Innovator Spotlight: Faramarz Farhoodi and His Contribution to Online Auctions
Introduction: Faramarz Farhoodi, an accomplished inventor based in Huntington Beach, California, has made a significant impact in the realm of online commerce with his innovative patent for an online auction system. His work not only showcases his creativity and technical skills but also addresses the evolving needs of digital marketplaces.
Latest Patents: Farhoodi holds a patent for an online auction system that revolutionizes how auctions are conducted. This invention encompasses a set of memory resources that store auction data along with one or more processors that implement various auction forums for transacting a corresponding set of assets. The system allows registrants to engage in multiple auction forums by providing diverse interfaces for user input or action. Additionally, it features an entity type interface, prompting registrants to disclose their entity type. The processor determines registrant requirements based on the user-provided designation and the geographic region of the assets being auctioned.
Career Highlights: Currently, Faramarz Farhoodi is associated with Ten-X, LLC, a company focused on online real estate transactions and solutions. His role within the organization has enabled him to contribute significantly to innovative auction methodologies that streamline the buying and selling process in the digital space.
Collaborations: Throughout his career, Farhoodi has worked alongside notable individuals, including his coworker Robert B Friedman. Their collaboration reflects a synergy of ideas and expertise, fostering advancements in auction technology.
Conclusion: Faramarz Farhoodi's pioneering work in developing an online auction system demonstrates his commitment to improving e-commerce platforms. His innovative approach not only enhances user experience but also serves as a testament to the power of inventions in transforming industries. As technology continues to evolve, Farhoodi’s contributions will undoubtedly play a crucial role in shaping the future of online transactions.