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

Claim 15:
16. A computing system, comprising:
one or more processors; and
at least one memory comprising program instructions executable by the one or more processors to:
receive origin location data and destination location data from a first user over a wireless or wired communication network, wherein the origin location data corresponds to a geographic origin and the destination location data corresponds to a geographic destination;
determine a plurality of virtual hubs based on the origin location data and the destination location data, wherein the plurality of virtual hubs comprises a first virtual hub based on the origin location data and a second virtual hub based on the destination location data;
store virtual hub location data corresponding to the first and second virtual hubs on a first database server;
determine a transportation capacity auction for one or more transportation capacity units based on at least the first virtual hub and the second virtual hub, wherein:
the one or more transportation capacity units to providing real-time location updates obtained from a satellite navigation system of the one or more transportation capacity units, wherein the one or more transportation capacity units correspond to one or more seats traveling from the first virtual hub to the second virtual hub; and
the transportation capacity auction corresponds to market depth data that is based on the real-time location updates, the market depth data comprising data indicating one or more real-time bid prices and one or more real-time offer prices for the one or more transportation capacity units;

store the transportation capacity auction on a second database server;
transmit, over the wireless or wired communication network, the market depth data for the transportation capacity auction to the first user;
receive, 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 real-time bid price or a respective real-time offer price provided by a second user for a respective transportation capacity unit; and
generate a forward commodity contract between the first user and the second user for the respective transportation capacity unit based on the transaction input data, comprising determine a financial swap payment for the forward commodity contract based on the market depth data, the transaction input data, or combinations thereof.