Multimodal Transportation Capacity Exchange With Transparent Pricing
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Solution Overview
Problem
Current transportation systems are inefficient due to the lack of an open and transparent market for transportation capacity, leading to high costs, traffic congestion, and pollution.
Innovation Solution
Implementing a network and commodity forward market system that allows for the transparent trading of transportation seats or capacity units across various modes of transport, using technologies like GPS and blockchain for security and pricing transparency.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If transportation capacity is traded through opaque pricing systems controlled by single companies, then company control and profit margins are maintained, but market transparency and consumer cost reduction are prevented
Solution Approach 1:
The patent segments transportation capacity into standardized commodity units (seats, freight space) that can be independently traded. This segmentation enables transparent pricing by breaking down monolithic transportation services into comparable, tradable units with standardized specifications, allowing market participants to see and compare prices across different providers and routes.
Solution Approach 2:
The patent creates a universal marketplace platform that handles multiple transportation modes (air, land, sea, autonomous vehicles) and multiple commodity types (passenger seats, freight capacity) through a single standardized trading system. This universality enables transparent price discovery across the entire transportation sector while maintaining operational simplicity through standardized protocols.
2Productivity
If transportation services are provided without open market trading, then service provision is simplified, but capacity utilization efficiency decreases
Solution Approach 1:
The patent enables preliminary trading of transportation capacity before services are rendered. Market participants can buy and sell capacity units in advance through standardized contracts, allowing efficient allocation and utilization of transportation resources ahead of time. This preliminary action maximizes capacity utilization by matching demand and supply in advance while maintaining simple operational procedures through standardized trading protocols.
3Adaptability or versatility
If new transportation technologies like autonomous vehicles are deployed without open market access, then technology deployment control is maintained, but accessibility to all socioeconomic classes is reduced
Solution Approach 1:
The patent changes the fundamental parameter of market access from closed, invitation-only systems to open, transparent commodity markets. By transforming transportation capacity into freely tradable commodities with standardized specifications, the system enables broad market participation and accessibility for new technologies like autonomous vehicles, allowing anyone to buy and sell capacity units without complex approval processes or restrictions.
Data Source
AI summary
Implementations of various methods and systems of a network, GPS system, mobile computing devices, servers, forward commodity market servers, grouping software for hubs, transparent open access pricing systems, blockchain audit and safety methods and systems, virtual hub systems, algorithm methods for no arbitrage conditions in a simple easy to use graphical user interface format for mobile or virtual computing over various mediums which are connected via a network to transact and trade transportation seats or capacity units in airline transport, subway transport, train transport, automobile transport, autonomous vehicle transport, taxi transport, space transport, package freight transport, tractor trailer freight transport, cargo freight transport, container freight transport, virtual transport, underground transport, ship or sea transport, public transport, private transport or drone transport on a computer, mobile computer device, audio computer device, virtual reality computer device or mixed reality computing device.