- Patent Title: Blockchain-based resource value evaluation methods and apparatus
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Application No.: US16415337Application Date: 2019-05-17
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Publication No.: US11410207B2Publication Date: 2022-08-09
- Inventor: Xinying Yang
- Applicant: Advanced New Technologies Co., Ltd.
- Applicant Address: KY Grand Cayman
- Assignee: Advanced New Technologies Co., Ltd.
- Current Assignee: Advanced New Technologies Co., Ltd.
- Current Assignee Address: KY Grand Cayman
- Agency: Fish & Richardson P.C.
- Priority: CN201810476443.6 20180517
- Main IPC: G06Q30/02
- IPC: G06Q30/02 ; G06N20/00 ; G06Q20/40 ; G06K9/62 ; G06Q40/02 ; G06N5/00 ; H04L9/06

Abstract:
A method for dynamically evaluating a resource value is described. Data encoding one or more parameters related to the resource value is accessed, where the one or more parameters are monitored by a plurality of sensors that form an Internet of Things (IoT) and then released by the IoT of the plurality of sensors on a blockchain network. At least one parameter from the data is compared with a predetermined threshold value or a predetermined threshold range. In response to determining that the at least one parameter has exceeded the predetermined threshold value or the predetermined threshold range, a calculation of the resource value is triggered according to evaluation logic described by a smart contract released on the blockchain network in association with the one or more parameters being monitored, such that a consensus is reached on the blockchain network regarding the resource value that has been calculated.
Public/Granted literature
- US20190355025A1 BLOCKCHAIN-BASED RESOURCE VALUE EVALUATION METHODS AND APPARATUS Public/Granted day:2019-11-21
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