Systems and methods for generating a smart contract for a parametric event

Abstract

Systems and methods are disclosed for generating one or more smart contracts for deployment onto a blockchain. The systems and methods may include (1) receiving vehicle sensor data generated from sensors mounted on or within (a) one or more vehicles, or (b) electronic devices; (2) analyzing the vehicle sensor data to determine one or more parametric events, wherein each of the parametric events is associated with a corresponding severity of loss; (3) generating, for each of the one or more parametric events, a corresponding smart contract that is configured to (i) receive a transaction from a computing device, and (ii) automatically execute on the blockchain when the transaction indicates that a parametric event corresponding to the smart contract has occurred; and (4) deploying the smart contract at a particular address on the blockchain.

What is claimed: 
     
         1 . A computer-implemented method for generating one or more smart contracts for deployment onto a blockchain, the method comprising:
 receiving, at one or more processors, vehicle sensor data generated from sensors mounted on or within one or more vehicles;   analyzing, by the one or more processors, the vehicle sensor data to determine one or more parametric events, wherein each of the parametric events is associated with a corresponding severity of loss;   generating, by the one or more processors and for each of the one or more parametric events, a corresponding smart contract that is configured to (i) receive a transaction from a computing device, and (ii) automatically execute on the blockchain when the transaction indicates that a parametric event corresponding to the smart contract has occurred; and   deploying, by the one or more processors, the smart contract at a particular address on the blockchain.   
     
     
         2 . The computer-implemented method of  claim 1 , wherein generating the smart contract includes generating the smart contract to define the parametric event as any one of:
 (i) theft involving a vehicle;   (ii) a collision involving the vehicle; or   (iii) total loss of the vehicle.   
     
     
         3 . The computer-implemented method of  claim 2 , wherein the transaction includes vehicle sensor data generated from sensors mounted on or within the vehicle. 
     
     
         4 . The computer-implemented method of  claim 2 , wherein generating the smart contract includes generating the smart contract to define an action including any one of:
 (i) initiating an instantaneous notice of loss (INOL);   (ii) communicating with an insurer entity;   (iii) communicating with an emergency response entity;   (iv) communicating with a towing service entity;   (v) communicating with a taxi or ride-share service entity;   (vi) communicating with a vehicle repair service entity; or   (vii) communicating with a vehicle salvage entity.   
     
     
         5 . The computer-implemented method of  claim 4 , further comprising:
 receiving, at one or more processors, supplemental data generated from one or more sources; and   analyzing, by the one or more processors, the supplemental data to determine the one or more parametric events.   
     
     
         6 . The computer-implemented method of  claim 5 , further comprising:
 updating the smart contract based upon analyzing the supplemental data.   
     
     
         7 . The computer-implemented method of  claim 5 , wherein the one or more sources includes any one or more of:
 smart infrastructure sensor;   an environmental conditions sensor;   an electronic device located in the vehicle;   a camera located in an area in which the vehicle is located; or   a third-party server.   
     
     
         8 . A computer system for generating one or more smart contracts for deployment onto a blockchain, the computer system comprising:
 one or more processors;   a non-transitory program memory coupled to the one or more processors and storing executable instructions that, when executed by the one or more processors, cause the computer system to:
 receive vehicle sensor data generated from sensors mounted on or within one or more vehicles; 
 analyze the vehicle sensor data to determine one or more parametric events, wherein each of the parametric events is associated with a corresponding severity of loss; 
 generate, for each of the one or more parametric events, a corresponding smart contract that is configured to automatically execute on the blockchain when a transaction received from a computing device indicates that a parametric event corresponding to the smart contract has occurred; and 
 deploy the smart contract at a particular address on the blockchain. 
   
     
     
         9 . The computer system of  claim 8 , wherein the executable instructions, when executed by the one or more processors, cause the computer system to generate the smart contract to define the parametric event as any one of:
 (i) theft involving a vehicle;   (ii) a collision involving the vehicle; or   (iii) total loss of the vehicle.   
     
     
         10 . The computer system of  claim 9 , wherein the transaction includes vehicle sensor data generated from sensors mounted on or within the vehicle. 
     
     
         11 . The computer system of  claim 9 , wherein the executable instructions, when executed by the one or more processors, cause the computer system to generate the smart contract to define an action including any one of:
 (i) initiating an instantaneous notice of loss (INOL);   (ii) communicating with an insurer entity;   (iii) communicating with an emergency response entity;   (iv) communicating with a towing service entity;   (v) communicating with a taxi or ride-share service entity;   (vi) communicating with a vehicle repair service entity; or   (vii) communicating with a vehicle salvage entity.   
     
     
         12 . The computer system of  claim 11 , wherein the executable instructions, when executed by the one or more processors, further cause the computer system to:
 receive supplemental data generated from one or more sources; and   analyze the supplemental data to determine the one or more parametric events.   
     
     
         13 . The computer system of  claim 12 , wherein the executable instructions, when executed by the one or more processors, further cause the computer system to:
 update the smart contract based upon analyzing the supplemental data.   
     
     
         14 . The computer system of  claim 12 , wherein the one or more sources includes any one or more of:
 smart infrastructure sensor;   an environmental conditions sensor;   an electronic device located in the vehicle;   a camera located in an area in which the vehicle is located; or   a third-party server.   
     
     
         15 . A tangible, non-transitory computer-readable medium storing executable instructions for generating one or more smart contracts for deployment onto a blockchain, that when executed by one or more processors of a computer system, cause the computer system to:
 receive vehicle sensor data generated from sensors mounted on or within one or more vehicles;   analyze the vehicle sensor data to determine one or more parametric events, wherein each of the parametric events is associated with a corresponding severity of loss;   generate, for each of the one or more parametric events, a corresponding smart contract that is configured to automatically execute on the blockchain when a transaction received from a computing device indicates that a parametric event corresponding to the smart contract has occurred; and   deploy the smart contract at a particular address on the blockchain.   
     
     
         16 . The tangible, non-transitory computer-readable medium of  claim 15 , wherein the executable instructions, when executed by the one or more processors, cause the computer system to generate the smart contract to define the parametric event as any one of:
 (i) theft involving a vehicle;   (ii) a collision involving the vehicle; or   (iii) total loss of the vehicle.   
     
     
         17 . The tangible, non-transitory computer-readable medium of  claim 16 , wherein the transaction includes vehicle sensor data generated from sensors mounted on or within the vehicle. 
     
     
         18 . The tangible, non-transitory computer-readable medium of  claim 16 , wherein the executable instructions, when executed by the one or more processors, cause the computer system to generate the smart contract to define an action including any one of:
 (i) initiating an instantaneous notice of loss (INOL);   (ii) communicating with an insurer entity;   (iii) communicating with an emergency response entity;   (iv) communicating with a towing service entity;   (v) communicating with a taxi or ride-share service entity;   (vi) communicating with a vehicle repair service entity; or   (vii) communicating with a vehicle salvage entity.   
     
     
         19 . The tangible, non-transitory computer-readable medium of  claim 18 , wherein the executable instructions, when executed by the one or more processors, further cause the computer system to:
 receive supplemental data generated from one or more sources; and   analyze the supplemental data to determine the one or more parametric events.   
     
     
         20 . The tangible, non-transitory computer-readable medium of  claim 19 , wherein the executable instructions, when executed by the one or more processors, further cause the computer system to:
 update the smart contract based upon analyzing the supplemental data.