TBI Concepts

The following core concepts underlie the rbidr visual framework and are key to understanding the innovation and how it might be leveraged for maximum value.

Time Based Inventory (TBI)

An increment of time representing the duration of ‘access’ to the asset being offered for sale.

TBI consists of a future start time, end time and a moment of expiry. With all TBI, the time segment defined represents a conveyable 'right' of some kind from seller to buyer with respect to the asset. In rbidr, sellers have complete discretion to define TBI as they see fit.

Explanatory Animation
 

Example

If a buyer were to purchase the right to access a tennis court, the amount of time purchased would be the TBI. In this example, the inventory here might be ‘1 hour’. Sellers in rbidr have control over how TBI is defined.