Patent ID: 11861527
Assignee: CIRCLESX LLC
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 10:
11. A method, comprising:
tracking origin location data and destination data in real-time from a satellite navigation system of a device of a first user;
receiving real-time updates for the real-time origin location data and the real-time destination location data from the first user over a wireless or wired communication network, wherein the real-time origin location data corresponds to a geographic origin and the real-time destination location data corresponds to a geographic destination;
determining a plurality of virtual hubs based on the updates to the real-time origin location data and the real-time destination location data, wherein the plurality of virtual hubs comprises a first virtual hub based on the real-time origin location data and a second virtual hub based on the real-time destination location data;
storing virtual hub location data corresponding to the first and second virtual hubs on a first database server;
determining a freight capacity auction for one or more freight capacity units based on at least the first virtual hub and the second virtual hub, wherein:
the one or more freight capacity units correspond to cargo capacity traveling from the first virtual hub to the second virtual hub; and
the freight capacity auction corresponds to market depth data, the market depth data comprising data indicating one or more bid prices and one or more offer prices for the one or more freight capacity units;

storing the freight capacity auction on a second database server;
transmitting, over the wireless or wired communication network, the market depth data for the freight capacity auction to the first user;
receiving, over the wireless or wired communication network, transaction input data from the first user based on the market depth data, wherein the transaction input data comprises data corresponding to an acceptance of a respective bid price or a respective offer price provided by a second user for a respective freight capacity unit; and
generating a forward commodity contract between the first user and the second user for the respective freight capacity unit based on the transaction input data, comprising determining a financial swap payment for the forward commodity contract based on the market depth data, the transaction input data, or combinations thereof.