Invention Grant
- Patent Title: System and method for traffic decongestion
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Application No.: US15531351Application Date: 2015-11-25
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Publication No.: US10706461B2Publication Date: 2020-07-07
- Inventor: Samir Varma , Daniel Sarfati
- Applicant: GREENLIGHTSTRADING LLC
- Applicant Address: US DE Wilmington
- Assignee: GREENLIGHTSTRADING LLC
- Current Assignee: GREENLIGHTSTRADING LLC
- Current Assignee Address: US DE Wilmington
- Agency: Foster Garvey PC
- International Application: PCT/US2015/062694 WO 20151125
- International Announcement: WO2016/086139 WO 20160602
- Main IPC: G06Q30/00
- IPC: G06Q30/00 ; G06Q30/08 ; G06Q10/02 ; G06Q20/14 ; G08G1/0967

Abstract:
A system and method for traffic decongestion which allows users to bid for faster passage and faster journeys. The system and method allows autonomous, semi-autonomous or user-driven cars to bid for faster passage for their journeys. Users willing to use slower journeys may be compensated for their contribution in reducing traffic congestion. In addition to reduction of traffic congestion, the system and method can normalize road usage, minimize road wear, give municipalities a new revenue stream, and save users time currently wasted by traffic.
Public/Granted literature
- US20170358025A1 SYSTEM AND METHOD FOR TRAFFIC DECONGESTION Public/Granted day:2017-12-14
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