Sitting in traffic sucks
INTRODUCING TRAFFIC BID
Changing the Game
Traffic Bid has created a new paradigm where priority is governed by social and economic principles by assigning priority to the vehicles who need access the most, or are willing to pay the most for access while at the same time providing incentives to drivers to use alternate roads.
Breaking the Mold
The traditional way of prioritizing traffic is First-In-First-Out. Unfortunately such prioritization doesn’t consider that the urgency is different for every vehicle and driver, as is the perceived value to be able to complete a journey within a shorter or longer period of time.
By allowing market supply and demand to allocate for optimal or “best” solutions, it is possible for a central authority to really know what the “best” solution is, given everyone’s requirements and constraints.
The key point is that the driver / autonomous vehicle will be able to choose a route from A to B by bidding for the fastest journey or alternatively getting credit for using a longer or slower route that avoids congested roads. Relevant authorities will use the system to monitor the process and bill drivers accordingly.