MUMBAI, India, Oct. 11 -- Intellectual Property India has published a patent application (202517033015 A) filed by Bnsf Railway Company, Fort Worth, U.S.A., on April 3, for 'intelligent systems and methods for algorithmically managing distribution of certificates of transportation.'
Inventor(s) include Isaacs, Christian; and Vierling, Michael.
The application for the patent was published on Oct. 10, under issue no. 41/2025.
According to the abstract released by the Intellectual Property India: "An apparatus, a method, and a non-transitory computer readable medium provide for intelligently managing distribution of certificates of transportations (COTs). In embodiments, an application server is configiured to execute an algorithmic distribution application configured to manage distribution of available COTs based on a plurality of bid requests received from bidders. The algorithmic distribution application may not merely determine a winner of an online auction by determining a bidder that placed the largest bid, but may include functionality to intelligently determine whether all available COTs have been requested or not, and to adjust the allocation of the available COTs to the requesting bidders according to the availability of the COTs, as well as to dynamically determine a price of the allocated COTs, which may not always be a maximum bid of the winning but may be adjusted based on the allocation of the available COTs to the requested bids."
The patent application was internationally filed on Oct. 18, 2023, under International application No.PCT/US2023/077136.
Disclaimer: Curated by HT Syndication.
