Transportation Capacity Exchange Using Virtual Hub Commodity Trading
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Solution Overview
Problem
Current transportation systems lack a transparent and open access market for trading individual transportation capacity units, leading to inefficiencies, congestion, and high costs, as they are primarily governed by non-transparent mechanisms set by companies rather than a commodity market, resulting in underutilization and increased pollution.
Innovation Solution
A system and method for a transparent virtual hub to virtual hub market that integrates GPS, mobile computing devices, servers, and blockchain technology to facilitate a forward commodity exchange for transportation capacity units, allowing price discovery and utilization of unused space through a graphical user interface.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If transportation companies set prices non-transparently, then company control and profit margins are maintained, but market efficiency and consumer cost reduction are prevented
Solution Approach 1:
The patent introduces a transportation exchange as an intermediary platform that mediates between transportation providers and consumers. This exchange implements transparent pricing mechanisms while managing the complexity of market transactions, allowing price discovery without requiring direct complex negotiations between all parties.
Solution Approach 2:
The patent segments transportation capacity into discrete tradable units (seats, cargo space) that can be independently priced and traded. This segmentation enables transparent market pricing for individual capacity units while the exchange manages the overall market complexity through standardized trading mechanisms.
2Ease of operation
If individual vehicles are used for transportation, then personal convenience and direct control are maintained, but energy efficiency and capacity utilization deteriorate
Solution Approach 1:
The patent enables merging of multiple individual transportation requests into shared rides or consolidated cargo shipments. By combining separate transportation needs into single vehicle trips, the system maintains ease of access for individuals while improving overall energy efficiency through increased capacity utilization.
Solution Approach 2:
The transportation exchange serves multiple functions: it enables individual transportation requests, facilitates carpooling, manages cargo shipping, and optimizes route planning. This multi-functionality allows the system to maintain personal convenience while achieving energy efficiency through various optimization mechanisms.
3Loss of energy
If carpooling coordination systems are implemented, then cost savings and energy reduction are achieved, but time coordination complexity and scheduling difficulty increase
Solution Approach 1:
The transportation exchange performs preliminary matching and coordination of carpooling arrangements before actual travel. By pre-coordinating rides and establishing schedules in advance, the system reduces energy consumption through shared transportation while minimizing the time participants need to spend on coordination during the actual travel period.
Solution Approach 2:
The exchange implements feedback mechanisms that provide real-time information about available rides, scheduling options, and cost savings. This feedback enables participants to make informed decisions about carpooling arrangements, reducing coordination time while maintaining energy efficiency benefits.
4Productivity
If transportation capacity is traded as whole vehicles, then simple transaction structures are maintained, but market efficiency and capacity utilization deteriorate
Solution Approach 1:
The patent divides whole vehicle capacity into smaller tradable units such as individual seats or cargo space allocations. This segmentation enables more granular trading that improves capacity utilization by matching specific available space with specific transportation needs, while the exchange manages the resulting transaction complexity through standardized processes.
Data Source
AI summary
Implementations of various methods and systems of a network, GPS system, mobile computing devices, servers, forward commodity exchanges, 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, virtual transport, underground transport, ship or sea transport, public transport, private transport or drone transport on a computer, mobile computer device, virtual reality computer device or mixed reality computing device.