Delaware Patent of the Month – December 2023
Lattice Industries, Inc. has been granted a patent for their self-governed data exchange technology. As data exchange and data network monetization experts, Lattice Industries collaborates with jurisdictions to create public-private Data Exchange solutions, setting the stage for innovation in regions across the United States.
At the core of Lattice’s mission is the development and management of self-sustaining, interoperable systems that facilitate the efficient exchange of big data for the benefit of those who generate it. The Lattice Exchanges not only create uniformity and indoctrinate justice and equity but also generate valuable data information for consumption while ensuring member protection through cooperation among regional and global data stakeholders.
One of Lattice Industries’ remarkable innovations is a patented data exchange system that comprises a multitude of sensors across various domains. These Internet of Things (IoT) sensors produce data, which is seamlessly received and normalized by a self-governed data exchange computer. This central hub acts as a catalyst, storing the normalized data in a data warehouse and facilitating API integration for data supply and querying.
What sets Lattice Industries’ system apart is its calculator, a unique component programmed to perform calculations based on several parameters. This calculator, coupled with a parameter table holding variables, enables the determination of values associated with data queries. Whether it’s water sensors, agricultural sensors, light sensors, temperature sensors, or camera sensors, Lattice’s data exchange system ensures standardized and efficient querying of diverse data elements.
This innovation extends beyond mere data exchange. Lattice Industries’ system includes a pricing portal and volume calculator that connect to the data exchange network, offering a groundbreaking pricing model for data elements aggregated for exchange. The pricing parameter table, driven by variables like query counts, CPU usage, and API calls, ensures a fair and transparent mechanism for monetizing data.
Lattice Industries continues to pioneer the way jurisdictions and industries approach data exchange, providing not just a system but a comprehensive solution that mutually benefits participants, reduces liability, and optimizes the value of member data.
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