| US 11,703,606 B2 | ||
| Methods, systems, and media for managing wind speed data, seismic data and other parametric data | ||
| Bradley I. Meier, Golden Beach, FL (US); and Evan M. Glassman, Fort Lauderdale, FL (US) | ||
| Assigned to NEW PARADIGM GROUP, LLC, Fort Lauderdale, FL (US) | ||
| Filed by New Paradigm Group, LLC, Fort Lauderdale, FL (US) | ||
| Filed on Oct. 3, 2022, as Appl. No. 17/959,085. | ||
| Application 17/959,085 is a continuation of application No. 17/468,133, filed on Sep. 7, 2021, granted, now 11,460,592, issued on Oct. 4, 2022. | ||
| Application 17/468,133 is a continuation of application No. 16/533,556, filed on Aug. 6, 2019, granted, now 11,112,512, issued on Sep. 7, 2021. | ||
| Application 16/533,556 is a continuation in part of application No. 15/285,762, filed on Oct. 5, 2016, granted, now 10,375,182, issued on Aug. 6, 2019. | ||
| Claims priority of provisional application 62/239,072, filed on Oct. 8, 2015. | ||
| Prior Publication US 2023/0029108 A1, Jan. 26, 2023 | ||
| This patent is subject to a terminal disclaimer. | ||
| Int. Cl. G01V 1/22 (2006.01); G01V 1/16 (2006.01); H04W 76/10 (2018.01); G06Q 20/08 (2012.01); G01V 1/00 (2006.01); G01W 1/02 (2006.01); G01P 5/00 (2006.01); H04W 4/80 (2018.01); H04W 84/12 (2009.01); G01P 1/07 (2006.01) | ||
| CPC G01V 1/223 (2013.01) [G01V 1/008 (2013.01); G01V 1/162 (2013.01); G01W 1/02 (2013.01); G06Q 20/085 (2013.01); H04W 76/10 (2018.02); G01P 1/07 (2013.01); G01P 5/00 (2013.01); H04W 4/80 (2018.02); H04W 84/12 (2013.01)] | 19 Claims |
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1. A system for collecting and managing parametric data via an external communications network, the system comprising:
one or more parametric stations operatively connected via the external communications network to a certification server and a payout server, wherein the one or more parametric stations are located remotely from the certification server and the payout server; the one or more parametric stations, each respectively configured to:
receive parametric data from a remote source,
determine that the parametric data satisfies a predetermined condition, and
transmit the parametric data over the external communications network to the certification server in response to the parametric data satisfying the predetermined condition;
the certification server comprising:
a certification processor configured to generate a certification report based on the parametric data and a data model related to the remote source from which the parametric data was received, and
a certification communication interface configured to transmit the generated certification report to the payout server; and
the payout server comprising a payout processor configured to:
determine that terms of an associated contract are satisfied based on the certification report, and
trigger a payout based on the terms that are satisfied based on the certification report.
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