System and method for dynamically monitoring status in location services

A system for reporting a location of an asset comprising:

• a reporting module including a first processor, which includes computer executable instructions for receiving a location tracking request to obtain a current location of the asset;
• a configuration module including a second processor, which includes computer executable instructions for providing configuration information for the asset;
• a status module including a third processor, which includes computer executable instructions for dynamically determining a status of the asset, responsive to the received request, movement of the asset and the configuration information;
• an enablement module including a fourth processor, which includes computer executable instructions for providing permission for acquisition of the current location of the asset, based on the determined status of the asset;
• and
• a tracking module including a fifth processor, which includes computer executable instructions for tracking location of the asset with varying tracking precision depending on the determined status of the asset, and obtaining the current location of the asset with a precision determined by the status of the asset, responsive to said permission, wherein the reporting module reports the obtained location of the asset.

A method for reporting a location of an asset, the method comprising:

• receiving a first indication of a current state of the asset, the current state of the asset being one of a plurality of predefined states in a configuration information data record for the asset, wherein the first indication is triggered by a first movement of the asset;
• determining information about the current state of the asset based on the first indication triggered by said first movement of the asset and said configuration information;
• storing said information about the current state;
• and
• determining a first permission for reporting the location of the asset, based on the information about the current state, the first permission indicating a precision level of tracking the asset and allowed location reporting, wherein said level of tracking the asset is based on movement of the asset and the configuration information data record for the asset, wherein the method is performed by one or more processors.