MUMBAI, India, Jan. 9 -- Intellectual Property India has published a patent application (202511114962 A) filed by Chandigarh University, Mohali, Punjab, on Nov. 21, 2025, for 'slotspace: warehouse rental with ai-driven media verification and escrow payments.'
Inventor(s) include Dr. Jaspreet Singh; and Akanksha Khurana.
The application for the patent was published on Jan. 9, under issue no. 02/2026.
According to the abstract released by the Intellectual Property India: "The present invention, "SlotSpace: Warehouse Rental with AI-Driven Media Verification and Escrow Payments," provides a digital platform for customizable slot-based discovery and booking of warehouse or storage spaces via web and mobile interfaces. The system enables users to rent fractional spaces for variable durations, verified through GPS-based geo-tagging and AI-driven media authentication to ensure listing authenticity. Integrated 3D/AR visualization allows immersive remote evaluation of warehouse layouts and slot boundaries. A peer-to-peer model lets owners monetize idle capacity with dynamic pricing and availability controls. Secure escrow payments, smart matchmaking, cloud-based backend, and IoT-enabled access mechanisms ensure transparency, fraud prevention, and operational efficiency. The invention thus offers a scalable, intelligent, and trustworthy ecosystem for short-term, flexible, and location-authenticated warehouse rentals."
Disclaimer: Curated by HT Syndication.
