Artificial intelligence-based system and method for conditional electronic transaction processing

An AI-based method for implementing an automated crowd-sourced payment service based on detection of an unsafe household condition, comprising:

• receiving, by a processor running an AI engine, a real time sensing data from one or more smart home appliances, the smart home appliances comprising a smart thermostat for real time monitoring of a household temperature, and a smart refrigerator sensor for real time monitoring of a food level within the smart refrigerator associated with the household;
• monitoring, by the AI engine, the real time sensing data, retrieved from the one or more smart home appliances, with respect to against one or more threshold values;
• determining, by the AI engine, one or more data values from the real time sensing data, that indicate an unsafe household condition based on a comparison with one or more corresponding threshold values;
• identifying, by the AI engine, one or more registered users, from a plurality of user identification records, the one or more registered, users being associated with the one or more corresponding threshold values for which an unsafe household condition is detected;
• and
• broadcasting, by the processor, an alert, regarding the detected unsafe household condition, to the one or more registered users along a request for execution of an automated action specified for the corresponding threshold values by a corresponding user, the automated action corresponding to a transaction request for a monetary contribution to alleviate the detected unsafe condition, the alert being broadcasted to a user application running on a user device associated with each of the one or more registered users.

A non-transitory computer-accessible medium having stored thereon computer-executable instructions for implementing an automated crowd-sourced payment service based on detection of an unsafe household condition, wherein upon execution by a computer arrangement comprising a processor, the instructions cause the computer arrangement to perform procedures comprising:

• receiving, by an AI engine running on the processor, real time sensing data from one or more smart home appliances, the smart home appliances comprising a smart thermostat for real time monitoring of a household temperature, and a smart refrigerator sensor for real time monitoring of a food level within the smart refrigerator associated with the household;
• monitoring, by the AI engine, the real time sensing data, retrieved from the one or more smart home appliances, with respect to one or more threshold values;
• determining, by the AI engine, one or more data values from the real time sensing data, that indicate an unsafe household condition based on a comparison with one or more corresponding threshold values;
• identifying, by the AI engine, one or more registered users, from a plurality of user identification records, the one or more registered, users being associated with the one or more corresponding threshold values for which an unsafe household condition is detected;
• and
• broadcasting, by the processor, an alert, regarding the detected unsafe household condition, to the one or more registered users along a request for execution of an automated action specified for the corresponding threshold values by a corresponding user, the automated action corresponding to a transaction request for a monetary contribution to alleviate the detected unsafe condition, the alert being broadcasted to a user application running on a user device associated with each of the one or more registered users.