Marketplace Matching System for Mobile Data Trading
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Solution Overview
Problem
Current primary market models for mobile data restrict trade as consumers buy directly from service providers, leading to limited data exchange and excessive overage fees, with secondary markets lacking efficient platforms for buyers and sellers to trade mobile data.
Innovation Solution
A method and apparatus for matching buyers and sellers in an online marketplace, using a revenue maximization function to facilitate the transfer of mobile data, determining optimal bids based on buyer and seller utilities, and utilizing a matching matrix to optimize revenue for the service provider.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If a primary market model is used where consumers buy mobile data directly from service providers, then the service provider controls data distribution, but the amount of data that can be traded is limited and overage fees become excessive
Solution Approach 1:
The patent introduces a secondary marketplace as an intermediary platform between consumers and service providers. This marketplace enables peer-to-peer data trading, allowing consumers to buy and sell mobile data directly from each other rather than only from the service provider. The marketplace facilitates this through a matching system that connects buyers with sellers based on their data needs and availability, thereby increasing overall data trade volume while reducing dependence on service provider pricing that generates excessive overage fees
2Productivity
If a secondary marketplace is introduced to enable peer-to-peer data trading, then data exchange increases, but the complexity of the system increases
Solution Approach 1:
The patent implements self-service mechanisms where buyers and sellers independently submit their data needs and availability through the marketplace. The system automatically matches participants based on their submissions without requiring manual intervention. Buyers specify their data requirements and preferred prices, while sellers indicate their data availability and pricing, and the matching algorithm automatically connects compatible pairs, reducing the operational complexity that would otherwise be required for manual matching
Solution Approach 2:
The patent utilizes parameter-based matching where the system compares and matches buyers and sellers based on configurable parameters such as data amount, price, and compatibility. By transforming the complex task of manual matching into an automated parameter comparison process, the system achieves efficient data exchange while keeping the matching logic simple and manageable through standardized criteria
3Adaptability or versatility
If users share data plans with immediate family members, then data coverage is improved for high data demand users, but users are reluctant to share data with unknown users
Solution Approach 1:
The marketplace serves as a trusted intermediary that facilitates data sharing between users who do not know each other. The platform verifies participant identities, manages transactions securely, and provides a controlled environment for peer-to-peer data trading. This intermediary structure eliminates the need for users to trust each other directly, allowing flexible data sharing with unknown users while maintaining security and reliability through the marketplace's mediation
Data Source
AI summary
A method for matching one or more buyers with one or more sellers to facilitate trade in a marketplace provided by a service provider includes the steps of receiving a bid to sell mobile data from one or more sellers, receiving a bid to buy mobile data from one or more buyers, matching at least a portion of the bid of the one or more buyers with at least a portion of the bid of the one or more sellers based on: a revenue maximization function to maximize the service provider's revenue based on a relationship between administration revenue and bid revenue, facilitating a transfer of the mobile data from the one or more seller to the one or more buyer, following the matching of the one or more buyers with the one or more sellers, through the service provider.