Thursday, April 21, 2011

Using Bitcoin software for road pricing

Bitcoin is te new open source digital money. Among its advantages is the secure point to point ecahnge of money via the public web. Generally users have a spending widget in their handheld or home computer.
The important point here is that bitcoin software is open source, and the software, or even bitcoins themselves, can be used for real time road pricing in a distributed intelligent transportation network.

I hereby patent the idea of real time road auctions. Here is how they work:

The car driver dials in his road trip to the handheld. On the morning of the trip, the handlheld road bidder widget begins to optimally bid for road space along he planned trip. Road space is allocated by managing traffic lights and signalling back to bidding cars when the lane belong to them, winning drivers following the green lights.

Simple concept, the system can be made open source and used for cabby fees, and generally secure cntrol over the traffic net. 
I think Bitcoins and a traffic company like Skymeter would be a good match.

No comments: