MUMBAI, India, Nov. 21 -- Intellectual Property India has published a patent application (202531105792 A) filed by Lawswift (OPC) Private Limited, Siliguri, West Bengal, on Nov. 1, for 'method and system for determining dynamic pricing of perishable goods upon confirming verifiable trust.'
Inventor(s) include Mishra, Vinod Kumar.
The application for the patent was published on Nov. 21, under issue no. 47/2025.
According to the abstract released by the Intellectual Property India: "Provided are a method (600) and system (100) for determining dynamic pricing of perishable goods upon confirming verifiable trust. The method comprises transmitting (602) a dynamically generated challenge token in real-time to a seller device (122). The method further comprises capturing (604) challenge-response media of one or more perishable goods using the seller device (122). Thereby, it enables binding (606) the captured challenge-response media with one or more metadata to form a verification packet. The method further comprises validating (608) the verification packet to determine compliance with the dynamically generated challenge token. Subsequently, on receiving (612) a reference value (124) which is generated by experts via blockchain enabled peer to peer validation based on a manual peer to peer online checking of the one or more perishable goods. Thereby, it determines (614) a dynamic price (414) based on a weighted combination of the TFI (402) and the reference value (124), and publishing (616) the dynamic price to a marketplace."
Disclaimer: Curated by HT Syndication.
