Granted Patent B2

US 12,602,635 · App. 17/510,318 · Granted Apr 14, 2026

Inventor: Erik Mowery Simpson (Houston, TX)

Assignee: CIRCLESX LLC

G06Q10/06315G06Q50/01

Abstract

Claims (65)

1 . A method, comprising:

receiving origin location data and destination location data from at least a subset of a plurality of users, wherein the origin location data corresponds to geographic origins and the destination location data corresponds to geographic destinations;

tracking the origin location data and the destination location in real-time from respective satellite navigation systems;

receiving updates of the origin location data and the destination location data in real-time;

determining a plurality of virtual hubs based on the origin location data and the destination location data, wherein the plurality of virtual hubs comprises one or more origin virtual hubs determined based on the origin location data and one or more destination virtual hubs determined based on the destination location data;

determining a plurality of virtual hub routes based on the plurality of virtual hubs, wherein a respective virtual hub route corresponds to a geographic route from a location corresponding to a respective origin virtual hub to a location corresponding to a respective destination virtual hub;

receiving tool appliance attribute data from the plurality of users, wherein the tool appliance attribute data corresponds to one or more attributes of one or more tool appliance products available for purchase or rental from the plurality of users using the plurality of virtual hub routes;

generating one or more tool appliance units based on the tool appliance attribute data, wherein the tool appliance attribute data provides fungibility between first and second tool appliance units of the one or more tool appliance units, wherein a respective tool appliance unit represents a fungible forward market contract for one or more of the tool appliance products traveling along one or more of the plurality of virtual hub routes; and

generating a tool appliance forward market platform for trading the one or more tool appliance units based on the plurality of virtual hub routes and the tool appliance attribute data, comprising:

generating one or more graphical layers to be superimposed onto a navigational map interface being displayed by a respective user device, wherein the navigational map interface being displayed includes visualizations of at least first and second virtual hub routes of the plurality of virtual hub routes.

2 . The method of claim 1 , wherein:

the tool appliance attribute data comprises data corresponding to product type, product quantity, product specification, product price, product availability, or combinations thereof;

the one or more graphical layers correspond to a network node topology for the tool appliance forward market platform; and

a respective node of the network node topology corresponds to a virtual hub of the plurality of virtual hubs.

3 . The method of claim 1 , wherein the one or more tool appliance products comprise:

one or more hammers, one or more wrenches, one or more saws, one or more knives, one or more flashlights, one or more power saws, one or more power drills, one or more blenders, one or more coffee makers, one or more pots, one or more pans, one or more power tools, one or more ladders, or combinations thereof.

4 . The method of claim 1 , further comprising:

generating a plurality of route groups based on the plurality of virtual hub routes and the tool appliance attribute data; and

generating a forward commodity contract between a first user and the second user of the plurality of users based on the received tool appliance attribute data, wherein the forward commodity contract comprises one or more conditional attributes to provide substitutability between the first and second tool appliance units, wherein the one or more conditional attributes comprise cost of cover, liquidated damages, or force majeure; and wherein the first and second tool appliance units comprise a uniform specification.

5 . The method of claim 1 , further comprising:

receiving transaction input data from one or more of the plurality of users, wherein the transaction input data comprises data corresponding to one or more bid prices and one or more offer prices for the one or more tool appliance units, acceptance of a respective bid price or a respective offer price, or combinations thereof.

6 . The method of claim 5 , further comprising:

generating an interface on the respective user device, wherein the interface is configured to receive the transaction input data, and wherein the transaction input data further comprises fixed input data, visual input data, audio input data, or combinations thereof.

7 . The method of claim 1 , further comprising:

generating a priority queue of the one or more tool appliance units using the tool appliance forward market platform, wherein the priority queue orders the one or more tool appliance units based on product type, product quantity, product specification, product price, product availability, or combinations thereof.

8 . The method of claim 1 , further comprising:

detecting, at respective user interfaces of the plurality of users, user network logins of the user interfaces using one or more of facial recognition, fingerprint recognition and photo-scan security for authentication,

wherein the respective virtual hub route comprises one or more additional locations along the geographic route, and wherein the one or more additional locations correspond to one or more additional virtual hubs.

9 . A computing system, comprising:

one or more processors; and

one or more memory comprising program instructions executable by the one or more processors to:

receive origin location data and destination location data from at least a subset of a plurality of users, wherein the origin location data corresponds to geographic origins and the destination location data corresponds to geographic destinations;

determine a plurality of virtual hubs based on the origin location data and the destination location data, wherein the plurality of virtual hubs comprises one or more origin virtual hubs determined based on the origin location data and one or more destination virtual hubs determined based on the destination location data;

determine a plurality of virtual hub routes based on the plurality of virtual hubs, wherein a respective virtual hub route corresponds to a geographic route from a location corresponding to a respective origin virtual hub to a location corresponding to a respective destination virtual hub;

receive tool appliance attribute data from the plurality of users, wherein the tool appliance attribute data corresponds to one or more attributes of one or more tool appliance products available for purchase or rental from the plurality of users using the plurality of virtual hub routes;

generate one or more tool appliance units based on the tool appliance attribute data, wherein the tool appliance attribute data provides fungibility between first and second tool appliance units of the one or more tool appliance units, wherein a respective tool appliance unit represents a fungible forward contract for one or more of the tool appliance products traveling along one or more of the plurality of virtual hub routes;

detect, at respective user interfaces of the plurality of users, user network logins of the user interfaces using one or more of facial recognition, fingerprint recognition and photo-scan security for authentication; and

generate a tool appliance forward market platform for trading the one or more tool appliance units based on the plurality of virtual hub routes and the tool appliance attribute data, comprising:

generate one or more graphical layers to be superimposed onto a navigational map interface of a respective user interface being displayed by a respective user device, wherein the navigational map interface being displayed includes visualizations of at least first and second virtual hub routes of the plurality of virtual hub routes, wherein:

the respective virtual hub route comprises one or more additional locations along the geographic route, and wherein the one or more additional locations correspond to one or more additional virtual hubs.

10 . The computing system of claim 9 , wherein the tool appliance attribute data comprises data corresponding to product type, product quantity, product specification, product price, product availability, or combinations thereof.

11 . The computing system of claim 9 , wherein the one or more tool appliance products comprise one or more hammers, one or more wrenches, one or more saws, one or more knives, one or more flashlights, one or more power saws, one or more power drills, one or more blenders, one or more coffee makers, one or more pots, one or more pans, one or more power tools, one or more ladders, or combinations thereof.

12 . The computing system of claim 9 , wherein the one or more memory further comprises program instructions executable by the one or more processors to generate a plurality of route groups based on the plurality of virtual hub routes and the tool appliance attribute data.

13 . The computing system of claim 9 , wherein the one or more memory further comprises program instructions executable by the one or more processors to receive transaction input data from the plurality of users, wherein the transaction input data comprises data corresponding to one or more bid prices and one or more offer prices for the one or more tool appliance units, acceptance of a respective bid price or a respective offer price, or combinations thereof.

14 . The computing system of claim 13 , wherein the one or more memory further comprises program instructions executable by the one or more processors to generate an interface on the respective computing device, wherein the interface is configured to receive the transaction input data, and wherein the transaction input data further comprises fixed input data, visual input data, audio input data, or combinations thereof.

15 . The computing system of claim 9 , wherein the one or more memory further comprises program instructions executable by the one or more processors to generate a priority queue of the one or more tool appliance units using the tool appliance forward market platform, wherein the priority queue orders the one or more tool appliance units based on product type, product quantity, product specification, product price, product availability, or combinations thereof.

16 . A non-transitory computer-readable medium having stored thereon a plurality of computer-executable instructions which, when executed by a computer, cause the computer to:

receive origin location data and destination location data from at least a subset of a plurality of users, wherein the origin location data corresponds to geographic origins and the destination location data corresponds to geographic destinations;

determine a plurality of virtual hubs based on the origin location data and the destination location data, wherein the plurality of virtual hubs comprises one or more origin virtual hubs determined based on the origin location data and one or more destination virtual hubs determined based on the destination location data;

determine a plurality of virtual hub routes based on the plurality of virtual hubs, wherein a respective virtual hub route corresponds to a geographic route from a location corresponding to a respective origin virtual hub to a location corresponding to a respective destination virtual hub;

receive tool appliance attribute data from the plurality of users, wherein the tool appliance attribute data corresponds to one or more attributes of one or more tool appliance products available for purchase or rental from the plurality of users using the plurality of virtual hub routes;

generate one or more tool appliance units based on the tool appliance attribute data, wherein the tool appliance attribute data provides fungibility between first and second tool appliance units of the one or more tool appliance units, wherein a respective tool appliance unit represents a fungible forward market contract for one or more of the tool appliance products traveling along one or more of the plurality of virtual hub routes;

detect, at respective user interfaces of the plurality of users, user network logins of the user interfaces using one or more of facial recognition, fingerprint recognition and photo-scan security for authentication;

generate a tool appliance forward market platform for trading the one or more tool appliance units based on the plurality of virtual hub routes and the tool appliance attribute data, comprising:

generate one or more graphical layers to be superimposed onto a navigational map interface being displayed by a respective user device, wherein the navigational map interface being displayed includes visualizations of at least first and second virtual hub routes of the plurality of virtual hub routes.

17 . The non-transitory computer-readable medium of claim 16 , wherein the tool appliance attribute data comprises data corresponding to product type, product quantity, product specification, product price, product availability, or combinations thereof.

18 . The non-transitory computer-readable medium of claim 16 , wherein the one or more tool appliance products comprise one or more hammers, one or more wrenches, one or more saws, one or more knives, one or more flashlights, one or more power saws, one or more power drills, one or more blenders, one or more coffee makers, one or more pots, one or more pans, one or more power tools, one or more ladders, or combinations thereof.

19 . The non-transitory computer-readable medium of claim 16 , wherein the respective virtual hub route comprises one or more additional locations along the geographic route, and wherein the one or more additional locations correspond to one or more additional virtual hubs.

20 . The method of claim 1 , wherein the fungible forward market contract comprises:

metadata specifying at least:

(i) a product specification identifier;

(ii) a delivery time window corresponding to the respective virtual hub route;

(iii) a quantity indicator for the one or more tool appliance products; and

(iv) a designated origin and destination virtual hub; and

wherein the tool appliance forward market platform is configured to execute a transaction by matching a bid price and an offer price for the fungible forward market contract using a time-prioritized order book.

Assignments (5)

Continuity (16)

References Cited (379)