US 11,995,594 B2
Managing technical process data
Aleksandar Kovacevic, Bowral (AU)
Assigned to Alecson Feld Australia Pty Ltd, Bowral (AU)
Filed by Alecson Feld Australia Pty Ltd, Bowral (AU)
Filed on Apr. 9, 2021, as Appl. No. 17/226,617.
Application 17/226,617 is a continuation of application No. 15/766,499, abandoned, previously published as PCT/AU2016/050946, filed on Oct. 7, 2016.
Claims priority of provisional application 62/365,360, filed on Jul. 21, 2016.
Claims priority of application No. 2015904128 (AU), filed on Oct. 9, 2015.
Prior Publication US 2022/0058536 A1, Feb. 24, 2022
Int. Cl. G06Q 10/06 (2023.01); G06Q 10/00 (2023.01); G06Q 10/0635 (2023.01); G06Q 10/0637 (2023.01); G06Q 10/0639 (2023.01); G06Q 10/10 (2023.01); G06Q 30/08 (2012.01); G16H 40/20 (2018.01)
CPC G06Q 10/0635 (2013.01) [G06Q 10/00 (2013.01); G06Q 10/0637 (2013.01); G06Q 10/0639 (2013.01); G06Q 10/10 (2013.01); G06Q 30/08 (2013.01); G16H 40/20 (2018.01); G06Q 2220/10 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A computer system for processing technical process data, the computer system comprising:
an input port to receive technical process data from multiple technical process experts on a dynamic basis, wherein the technical process data relates to a technical impact of one or more physical events on a continuity of multiple technical operations;
a database to store the technical process data;
a processor configured to:
validate the technical process data against a business impact analysis standard;
determine an aggregate value of the multiple technical operations based on the technical process data;
calculate an insurance premium based on the technical process data;
bundle the technical process data through one or more instruments or financial derivatives for primary or secondary trading of a traded risk;
receive a continuous feed of updates of the technical process data from one or more sensors that monitor the technical operation;
dynamically evaluate and monitor the technical process data to maintain the technical process data on a regular basis through one or more communication channels, wherein the processing of the technical process data maintains a link between the traded risk and the technical process data received from the one or more sensors that monitor the technical operation and update the technical process data in real-time; and
update an underwriting contract or cover of insurance to transfer the traded risk in the multiple technical operations,
wherein:
the underwriting contract or cover of insurance comprises a self-executing contract,
the processor is further configured to validate transactions based on the technical process data updated in real time to facilitate the settlement of the self-executing contract and to reflect the impact of changes to the continuity of the multiple technical operations, and
the self-executing contract provides an interface that allows other contracts to send a message to that contract and get back a response that provides the insurance premium based on the technical process data updated in real time.