STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY (20240378649). SYSTEMS AND METHODS FOR AUTONOMOUSLY GENERATING AND MAINTAINING REAL-TIME TOKENIZED ASSESSMENTS simplified abstract
Contents
SYSTEMS AND METHODS FOR AUTONOMOUSLY GENERATING AND MAINTAINING REAL-TIME TOKENIZED ASSESSMENTS
Organization Name
STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
Inventor(s)
Seth L. Corin of Cumming GA (US)
Aaron Williams of Congerville IL (US)
Chad A. Akin of Lewisville TX (US)
SYSTEMS AND METHODS FOR AUTONOMOUSLY GENERATING AND MAINTAINING REAL-TIME TOKENIZED ASSESSMENTS - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240378649 titled 'SYSTEMS AND METHODS FOR AUTONOMOUSLY GENERATING AND MAINTAINING REAL-TIME TOKENIZED ASSESSMENTS
The abstract describes a computer system that generates and maintains non-fungible tokens for real-time subject assessment. The system uses data associated with a subject's history to generate a subject rating and recommendations for improvement. It then creates a non-fungible token containing the data, rating, and recommendations. The system monitors the subject's actions to see if the recommended actions are taken and updates the subject rating accordingly.
- Computer system generates and maintains non-fungible tokens for real-time subject assessment
- Uses subject's history data to generate subject rating and recommendations for improvement
- Creates non-fungible tokens containing data, rating, and recommendations
- Monitors subject's actions to see if recommended actions are taken
- Updates subject rating based on actions taken
Potential Applications: - Educational institutions for student assessment - Employee performance evaluation in companies - Healthcare for patient progress tracking
Problems Solved: - Provides real-time assessment of subjects - Offers personalized recommendations for improvement - Tracks subject's actions for better evaluation
Benefits: - Enhances subject assessment accuracy - Encourages subject improvement through recommendations - Streamlines assessment processes
Commercial Applications: Title: Real-time Subject Assessment System for Enhanced Performance Evaluation This technology can be used in educational institutions, corporate settings, and healthcare facilities for efficient and accurate subject assessment, leading to improved outcomes and performance evaluations.
Questions about the technology: 1. How does the system determine the recommended actions for improving the subject rating? 2. What are the potential challenges in implementing this technology in different industries?
Original Abstract Submitted
a computer system for generating and maintaining non-fungible tokens for real-time subject assessment is described herein. the computer system includes a processor in communication with a memory device, the processor programmed to: (i) receive a plurality of data associated with a history of a subject, (ii) execute a model with the data to generate a subject rating for the subject and a recommendation of at least one recommended action that would improve the subject rating, (iii) generate a non-fungible token (nft) including one or more of: the plurality of data, the subject rating, or the recommendation; (iv) monitor actions of the subject to determine if the at least one recommended action was performed; and (v) re-execute the at least one model with the plurality of data and updated data based upon the actions of the subject and the at least one recommended action to generate an updated subject rating.
