High-demand product processing system and related methods
US12423720B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Apr 22, 2022 |
| Grant date | Sep 23, 2025 |
| Priority date | — |
| Expiry date | Apr 4, 2043 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/202
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A high-demand product processing system may include a seller device associated with a prospective seller, and a high-demand product marketplace server to store historical product data for a given product. The historical product data may include historical product prices and quantities at different times. The server may operate a web crawler to crawl e-commerce websites for current product data for the given product. The current product data may include current product prices and quantities at each of the e-commerce websites. The server may operate a machine learning algorithm to predict whether the given product will be a high-demand product based upon the historical product data and the current product data, and when so, generate an offer-to-purchase the high-demand product, communicate the offer-to-purchase to the seller device, and operate a marketplace to sell the high-demand product at a sales price higher than an offer price associated with the offer-to-purchase.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.