Method and system for tracking personal property collateral
AssigneeCrediot, Inc.
InventorSteven Mack
Life of this patent
Estimating the term…
Abstract
A tracking and recording system is provided for tracking and documenting personal property. Personal property, such as electronic or “IOT” devices having a communication interface, are placed in communication with a tracking system which receives information from those items of personal property and utilizes that information to verify the location and/or existence of the property. A record of the personal property may also be created which includes information which identifies the property, liens, transfers of ownership, and verifications of the location of the property. The record may comprise a block chain of information regarding the property.
Claims15
A system for decentralized tracking and recording of information regarding an item of personal property, comprising:
- at least one external server comprising a processor, a memory and machine-readable code stored in said memory and executable by said processor to cause said server to:
- receive information which identifies said item of personal property;
- create a record regarding said item of personal property, said record comprising an initial block having said information which identifies said item of personal property and first time information associated therewith;
- transmit information regarding said initial block to at least one other computing device for decentralized storage;
- receive information regarding a transfer in ownership or possession of said item of personal property;
- create a second block for said record, said second block having said information regarding said transfer in ownership or possession of said item of personal property and second time information associated therewith;
- transmit information regarding said second block to said at least one other computing device;
- receive information regarding a location of said item of personal property after said transfer in ownership or possession;
- create a third block for said record, said third block having said information regarding said location of said item of personal property and third time information associated therewith;
- and
- transmit information regarding said third block to said at least one other computing device.
A system for identifying personal property of an owner and generating personal property records therefor, comprising:
- at least one external server comprising a processor, a memory and machine-readable code stored in said memory and executable by said processor to cause said server to:
- establish a communication link between said at least one external server and said item of personal property via a communication interface of said item of personal property;
- send a request to said item of personal property via said communication link;
- receive a response from said item of personal property, said response comprising at least information which identifies said item of personal property;
- utilize said response to identify a location of said item of personal property;
- and
- create a personal property record for said item of personal property based upon said response, said record comprising said information which identifies said item of personal property and said location of said item of personal property.
Dependencies are inferred from the claim text.