Patent ID: 9355380
Filing Date: 2016-05-31
CPC Classification: G06Q

Claim Text:
1. A method for formulating and/or optimizing a flatrate pricing model for one or more tangible products, the method comprising: (a) providing a tracking device associated with one or more tangible products, the tracking device being adapted for determining data associated with identity and/or consumption information related to the one or more tangible products at a point of first use and/or consumption by a consumer of said one or more tangible products; (b) authorizing or enabling a user to utilize the tracking device; (c) providing an identification module adapted to determine consumption data of the tangible product based, at least in part, on information obtained from said tracking device, wherein said identification module comprises a sensor, storage/database, CPU/processor, and a communication interface; (d) receiving and/or storing consumption data in a database at an origin of the one or more tangible products; and (e) formulating and/or optimizing the pricing model based on the consumption data.