System and method of a smart contract that automatically restructures debt loan

A method for facilitating foreclosure on collateral, the method comprising:

• storing, by a lending agreement storage circuit, a plurality of lending agreement data comprising at least one lending agreement, the at least one lending agreement comprising a lending condition data, the lending condition data comprising terms and condition data of the at least one lending agreement related to a foreclosure condition on at least one asset that provides a collateral condition related to a collateral asset for securing a repayment obligation of the at least one lending agreement, the collateral condition comprising sensor data collected by a mobile data collector monitoring the collateral asset, the mobile data collector comprising at least one of:
• a first drone or a first robotic device;
• monitoring, by a data collection services circuit, the lending condition data to detect a default condition based on a change to the lending condition data;
• interpreting, by an artificial intelligence circuit comprising a smart contract circuit, implemented by a processor, the default condition;
• maintaining, by the artificial intelligence circuit, a training data set for the artificial intelligence circuit comprising feedback data of outcomes of a set of respective loan agreements, wherein each respective outcome comprises a determination of a detected default condition based on the change to the lending condition data over time in response to a determined value of the collateral asset, based on the sensor data collected by the mobile data collector monitoring the collateral asset;
• iteratively training the artificial intelligence circuit, using the training data set, to determine a route of travel for the mobile data collector to monitor the collateral asset based on the feedback data of the outcomes;
• causing, by the artificial intelligence circuit, the mobile data collector to follow the determined route of travel to monitor the collateral asset;
• and
• communicating, by the artificial intelligence circuit comprising the smart contract circuit, a default condition indication that initiates a foreclosure procedure based on the collateral condition,
• wherein each of the lending agreement storage circuit, data collection services circuit, and smart contract services circuit further comprises a corresponding application programming interface (API) component structured to facilitate communication among the circuits of the system.