Patents by Inventor Taylor William Paul Lochrane

Taylor William Paul Lochrane has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20230196340
    Abstract: A system and a method for facilitating the collecting of the Road Use Charges (RUC) using a digital currency based on a Distributed Ledger Technology (DLT) network is disclosed. The method includes processing the Road User data and Facility Owner data to generate user accounts on the DLT network, receiving Road User data from at least one Road User device, receiving position and distance data from at least one input device, receiving cost data from at least one Facility Owner device, analyzing data to generate a transaction(s) in the form of a policy and a smart contract, and adding the digital currency used for RUC (RUDC) corresponding to the payment alert to the digital wallet of the user, by a processing device on the DLT network. Further, method includes transferring the digital currency to Facility Owners digital wallets for RUC using the DLT network, using a storage device.
    Type: Application
    Filed: February 23, 2023
    Publication date: June 22, 2023
    Inventor: Taylor William Paul Lochrane
  • Publication number: 20220398870
    Abstract: A system and a method for facilitating the collecting of the Road Use Charges (RUC) using a digital currency based on a Distributed Ledger Technology (DLT) network is disclosed. The method includes processing the Road User data and Facility Owner data to generate user accounts on the Road Ledger?, a DLT network, receiving Road User data from at least one Road User device, receiving position and distance data from at least one input device, receiving cost data from at least one Facility Owner device, analyzing data to generate a transaction(s) in the form of a policy and a smart contract, and adding the Trip Coin? Digital Currency (TCDC) corresponding to the payment alert to the digital wallet of the user, by a processing device on the Road Ledger?, a DLT network. Further, method includes transferring TCDC to Facility Owners digital wallets for RUC using Road Ledger?, using a storage device.
    Type: Application
    Filed: June 1, 2022
    Publication date: December 15, 2022
    Inventor: Taylor William Paul Lochrane