View source for WaterwAIs Inc. (20240265450). Continued Business Methods, Apparatuses and Systems for Managing Data, Analytics for Environmental, Engineered and Natural Systems simplified abstract

=Continued Business Methods, Apparatuses and Systems for Managing Data, Analytics for Environmental, Engineered and Natural Systems=


==Organization Name==

[[:Category:WaterwAIs Inc.|WaterwAIs Inc.]]


[[Category:WaterwAIs Inc.]]

==Inventor(s)==

[[:Category:Pusker Regmi of Rockville MD (US)|Pusker Regmi of Rockville MD (US)]][[Category:Pusker Regmi of Rockville MD (US)]]

[[:Category:Daniel Medina of Silver Spring MD (US)|Daniel Medina of Silver Spring MD (US)]][[Category:Daniel Medina of Silver Spring MD (US)]]

[[:Category:Kieran Iyengar of Herndon VA (US)|Kieran Iyengar of Herndon VA (US)]][[Category:Kieran Iyengar of Herndon VA (US)]]

[[:Category:Sudhir Murthy of Herndon VA (US)|Sudhir Murthy of Herndon VA (US)]][[Category:Sudhir Murthy of Herndon VA (US)]]

[[:Category:James Clarke of Washington DC (US)|James Clarke of Washington DC (US)]][[Category:James Clarke of Washington DC (US)]]

==Continued Business Methods, Apparatuses and Systems for Managing Data, Analytics for Environmental, Engineered and Natural Systems - A simplified explanation of the abstract==


This abstract first appeared for US patent application 20240265450 titled 'Continued Business Methods, Apparatuses and Systems for Managing Data, Analytics for Environmental, Engineered and Natural Systems

The invention is a digital storage base that measures events related to engineered infrastructures, such as pollutant loads or hazards, and makes predictions based on the data. It also includes a marketplace for parties to enter or leave transactions, buy or sell, and generate digital currency payouts.

* Measures events related to engineered infrastructures
* Predicts outcomes based on data
* Generates digital currency payouts
* Includes a marketplace for transactions
* Enables aggregation and distribution of risk and investments

Potential Applications:
- Environmental monitoring
- Risk management in infrastructure projects
- Financial transactions based on data predictions

Problems Solved:
- Lack of real-time data on infrastructure events
- Difficulty in predicting outcomes of events
- Limited options for aggregating and distributing risk

Benefits:
- Improved decision-making based on data
- Enhanced risk management strategies
- Increased efficiency in financial transactions

Commercial Applications:
Title: Digital Infrastructure Event Prediction and Marketplace System
This technology can be used in industries such as environmental monitoring, infrastructure development, and financial services to enhance decision-making processes and manage risks effectively.

Prior Art:
Researchers can explore existing systems for event prediction and risk management in various industries, as well as digital marketplace platforms for transactions and payouts.

Frequently Updated Research:
Stay informed about the latest advancements in digital infrastructure event prediction systems and marketplace technologies to leverage cutting-edge solutions for data-driven decision-making.

Questions about Digital Infrastructure Event Prediction and Marketplace System:

1. How does the system predict outcomes based on data from engineered infrastructures?
The system uses algorithms to analyze the data collected from infrastructures and generate predictions based on historical patterns and trends.

2. What are the key features of the marketplace included in the system?
The marketplace allows parties to enter or leave transactions, buy or sell, and receive digital currency payouts based on the data collected and predictions made by the system.


==Original Abstract Submitted==

the subject of the invention is a digital storage base which measures events related to one or more engineered infrastructures regarding events including but not limited to measuring a pollutant load or hazard, in some embodiments making predictions related to said systems and generating a token, blockchain or form of digital currency as a payout based on the data regarding the mitigation or adaptation of the measured event. the invention also includes a marketplace where parties can enter or leave, buy or sell, a transaction or transactions. the system enables aggregation and/or distribution of risk, performance obligations or investments, and aggregation/distribution and/or syndication of insurers or bankers, crowdsourcing/crowdfunding and/or participation of individuals and small groups within the transaction system. the integration of investment, insurance risk conditionalities and performance guarantees within a single exchangeable system is also envisioned. transaction re-risking and de-risking and associated payments or payouts is also envisioned.



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