Toyota Connected North America, Inc. (20240273557). NFT-ECO GENERATED BASED ON CARBON FOOTPRINT REDUCTION FROM SELECTION OF NEW VEHICLE simplified abstract

NFT-ECO GENERATED BASED ON CARBON FOOTPRINT REDUCTION FROM SELECTION OF NEW VEHICLE

Organization Name

Toyota Connected North America, Inc.

Inventor(s)

Olarinre Salako of Little Elm TX (US)

Danny Bargas of Coppell TX (US)

Varun Prasad of Dallas TX (US)

Daniel E. Holman of Allen TX (US)

Shravanthi Denthumdas of Frisco TX (US)

Will Hargis of Celina TX (US)

David Tsai of Irvine CA (US)

Jennifer Lerman of Dallas TX (US)

Brian Kursar of Fairview TX (US)

NFT-ECO GENERATED BASED ON CARBON FOOTPRINT REDUCTION FROM SELECTION OF NEW VEHICLE - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240273557 titled 'NFT-ECO GENERATED BASED ON CARBON FOOTPRINT REDUCTION FROM SELECTION OF NEW VEHICLE

The abstract of the patent application describes a method for providing an NFT (Non-Fungible Token) to a user based on their current and new vehicle's carbon footprint.

• Receiving CAN data from the user's current vehicle.
• Receiving a specification of the user's new vehicle.
• Calculating the estimated carbon footprint based on the current vehicle's CAN data.
• Calculating the expected carbon footprint based on the new vehicle's specification and driving behavior.
• Determining the difference between the estimated and expected carbon footprints.
• Qualifying the new vehicle for the NFT if the expected footprint is lower than the estimated footprint by a threshold value.
• Executing an NFT design process and delivering the NFT to the user.

Potential Applications: - Environmental impact assessment for vehicle upgrades. - Incentivizing users to choose more eco-friendly vehicles. - Carbon footprint tracking and reduction initiatives.

Problems Solved: - Encouraging users to make environmentally conscious choices. - Providing a tangible reward for reducing carbon footprint. - Promoting sustainability in the automotive industry.

Benefits: - Encourages eco-friendly behavior. - Raises awareness about carbon emissions. - Rewards users for reducing their environmental impact.

Commercial Applications: Title: "Carbon Footprint-Based NFT Incentive System for Vehicle Upgrades" This technology can be used by car manufacturers, environmental organizations, and government agencies to promote sustainable transportation practices and reward users for choosing greener vehicles.

Questions about the technology: 1. How does this method incentivize users to reduce their carbon footprint? 2. What are the potential long-term effects of implementing this NFT system in the automotive industry?

Original Abstract Submitted

a method for providing an nft includes receiving can data from a current vehicle of a user, receiving, with the computing device, a specification of a new vehicle of the user, calculating an estimated carbon footprint based on can data from the current vehicle, calculating an expected carbon footprint based on the specification of the new vehicle and driving behavior defined by the can data from the current vehicle, determining a difference between the estimated carbon footprint and the expected carbon footprint, qualifying the new vehicle for the nft, in response to determining that the difference is greater than a threshold value and the expected carbon footprint is less than the estimated carbon footprint, in response to qualifying the new vehicle for the nft, executing an nft design process, and causing the nft generated by the nft design process to be delivered to the user.