US 11,907,869 B2
System and method for a transportation or freight capacity exchange for one or more transportation or freight capacity units
Erik M. Simpson, Houston, TX (US)
Assigned to CIRCLESX LLC, Houston, TX (US)
Filed by Circlesx LLC, Houston, TX (US)
Filed on Feb. 12, 2023, as Appl. No. 18/108,631.
Application 18/108,631 is a continuation of application No. 16/167,525, filed on Oct. 22, 2018.
Prior Publication US 2023/0267383 A1, Aug. 24, 2023
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 10/02 (2012.01); G06Q 30/08 (2012.01); G06Q 30/0601 (2023.01); G06V 40/12 (2022.01); G06Q 50/30 (2012.01); G06Q 50/26 (2012.01); G06V 40/16 (2022.01)
CPC G06Q 10/02 (2013.01) [G06Q 30/0641 (2013.01); G06Q 30/08 (2013.01); G06Q 50/265 (2013.01); G06Q 50/30 (2013.01); G06V 40/1365 (2022.01); G06V 40/16 (2022.01)] 20 Claims
OG exemplary drawing
 
1. A method, comprising:
receiving transportation data from at least a subset of a plurality of users, wherein the transportation data corresponds to a plurality of virtual transportation modes configured for use by the plurality of users, and wherein the transportation data from a respective user comprises data corresponding to a geographic origin and a geographic destination for a respective virtual transportation mode of the respective user;
determining a plurality of virtual hubs based on the transportation data, wherein the plurality of virtual hubs comprises one or more origin virtual hubs corresponding to at least the geographic origin and one or more destination virtual hubs corresponding to at least the geographic destination;
determining a plurality of virtual hub routes based on the plurality of virtual hubs, wherein a respective virtual hub route corresponds to a geographic route from a location corresponding to a respective origin virtual hub to a location corresponding to a respective destination virtual hub;
generating a plurality of virtual transportation capacity units for at least the subset of the plurality of users based on the transportation data, wherein a respective virtual transportation capacity unit for the respective user represents a fungible forward contract for the respective virtual transportation mode, wherein the respective virtual transportation mode is configured for use along the plurality of virtual hub routes, and wherein each of the plurality of virtual transportation capacity units is configured for substitutability between at least one other of the plurality of virtual transportation capacity units; and
providing a virtual transportation forward market platform to the plurality of users for trading the plurality of virtual transportation capacity units, comprising:
receiving market depth data from the plurality of users, wherein the market depth data comprises data indicating a plurality of bid prices and a plurality of offer prices for the plurality of virtual transportation capacity units; and
transmitting the market depth data to the plurality of users based on the plurality of virtual hub routes.