US Patent Issued to Dell Products on Dec. 2 for "In-transit material ownership contract optimization for cost, insurance, and freight (CIF) shipments" (Indian Inventors)

ALEXANDRIA, Va., Dec. 2 -- United States Patent no. 12,488,308, issued on Dec. 2, was assigned to Dell Products LP (Round Rock, Texas).

"In-transit material ownership contract optimization for cost, insurance, and freight (CIF) shipments" was invented by Ajay Maikhuri (Bangalore, India), Dhilip Kumar (Bangalore, India) and Rajesh Krishnan (Bangalore, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method includes capturing shipment milestone data of cost, insurance, and freight (CIF) shipments, recording the shipment milestone data within a distributed ledger, generating a training dataset using past shipment milestone data recorded within the distributed ledger, and generating a machine learning (ML)...