{"schema_version":"1.0","canonical_url":"https://patentable.app/patents/US-11989780","patent":{"patent_number":"US-11989780","title":"Business method, apparatus and system for managing data, analytics and associated financial transactions for environmental, engineered and natural systems","assignee":null,"inventors":[],"filing_date":"2020-06-25T00:00:00.000Z","publication_date":"2024-05-21T00:00:00.000Z","cpc_codes":["G06Q","G01N","G01N","G01N","G01N","G06F","G06Q","G06Q","G06Q","G06Q","G06Q","G06Q","G06Q","G06Q","G06Q","G06Q","G06Q","G06Q","G06Q","G06Q","G06Q","G06Q","G06Q","H04L"],"num_claims":8,"abstract":"The subject of the invention is an insurance claim and/or financial transaction processing system for parametric risk related claims and/or performance warranty related transactions that can be processed using transparency and in a rapid manner wherein the performance or insurance is transacted using sensors and/or analytics. The invention also includes a marketplace where parties can enter or leave, buy or sell, a transaction or transactions associated with an insurance or financial transaction. 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."},"analysis":{"summary":null,"layman_explanation":null,"technical_analysis":null,"business_analysis":null,"faqs":null,"topics":[],"tech_cluster":null},"seo":{"title":"Business method, apparatus and system for managing data, analytics and associated financial transactions for environmental, engineered and natural systems","description":"The subject of the invention is an insurance claim and/or financial transaction processing system for parametric risk related claims and/or performance warranty related transactions that can be proces","keywords":[]},"attribution":{"source":"Patentable","source_url":"https://patentable.app","canonical_url":"https://patentable.app/patents/US-11989780","license":"CC-BY-4.0-like","license_terms":"AI-generated analysis on this page (summary, layman_explanation, technical_analysis, business_analysis, faqs) may be reused with attribution and a visible link back to the canonical URL above. Patent abstracts, claims, and bibliographic data are USPTO public domain.","required_link":"https://patentable.app/patents/US-11989780","citation_suggestion":"Patentable. \"Business method, apparatus and system for managing data, analytics and associated financial transactions for environmental, engineered and natural systems\" (US-11989780). https://patentable.app/patents/US-11989780","copyright_holder":"Nomic Interactive Technology LLC"},"links":{"html":"https://patentable.app/patents/US-11989780","json":"https://patentable.app/api/llm-context/US-11989780","site":"https://patentable.app","llms_txt":"https://patentable.app/llms.txt"},"generated_at":"2026-05-31T00:15:17.074Z"}