SYSTEM AND METHOD FOR PROVIDING SECURITY IN VARIABLE TIME-BASED LICENSING SYSTEMS

A system and method for a software licensing system for use in e.g., a variable time-based licensing, is provided. Such a system includes a secure device, including a first computer readable medium, configured to connect to a computer, including a second computer readable medium and microprocessor. The secure device can further include a chips pool which stores inactive chips, and a chips accounting manager, operable to receive license requests for software tools and to determine whether to grant the license request. In this context "chips" can be considered a currency which can be traded to use software tools for a period of time associated with each chip. The system further includes a license server, executing on the computer. The license server can include a license manager which tracks active chips and manages activated chip check-in and checkout, and a chips cache which stores activated chips.