The present invention provides system and method, including computer programs encoded on non-transitory computer storage media, for dynamic creation of priority transit, wherein one transiting vehicle has priority over another transiting vehicle, or plurality of vehicles, the system comprising input from a plurality of navigation devices, and a server, or distributed computing platform, to receive from the plurality of navigation devices a periodic time series of location points, and the dynamic creation of an agreement, or Ricardian contract, for priority traffic preference between parties while in transit wherein the first, or priority requesting, party exchanges credits or tokens of value to another, or yielding, party in exchange for transit preference and priority. The method comprising receiving location points from a plurality of navigation devices, along with respective time stamps indicating the time of recordation of each of these location points; messaging the parties willing to offer credit or tokens of value for priority transit, and matching parties willing to receive credit or tokens of value for another's said priority transit, according to the location points and respective time stamps and contract disposition; and creating a dynamic agreement, or contract, to execute the transfer and exchange of credits and after passing priority is granted, and confirmed by the navigation devices, automatically executing the contract transferring credits from the priority vehicle account to the yielding vehicle account. This system provides, in essence, a dynamic ‘on-demand’ priority lane creation for any vehicle whether non-automated, automated, autonomous, or driverless, also known in the industry as autonomous levels 0-5, and includes a plurality of transit considerations including, but not limited to, wheeled, non-wheeled, seafaring or airborne vehicles or transportation systems. This system may be extended to include any queuing scenario.


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    Title :

    System and Method for Real-time Transit Prioritization


    Contributors:

    Publication date :

    2019-08-29


    Type of media :

    Patent


    Type of material :

    Electronic Resource


    Language :

    English


    Classification :

    IPC:    G01C Messen von Entfernungen, Höhen, Neigungen oder Richtungen , MEASURING DISTANCES, LEVELS OR BEARINGS / G05D SYSTEMS FOR CONTROLLING OR REGULATING NON-ELECTRIC VARIABLES , Systeme zum Steuern oder Regeln nichtelektrischer veränderlicher Größen / G06Q Datenverarbeitungssysteme oder -verfahren, besonders angepasst an verwaltungstechnische, geschäftliche, finanzielle oder betriebswirtschaftliche Zwecke, sowie an geschäftsbezogene Überwachungs- oder Voraussagezwecke , DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES / G08G Anlagen zur Steuerung, Regelung oder Überwachung des Verkehrs , TRAFFIC CONTROL SYSTEMS



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