Resource tag generation and deployment for resource valuation and distribution

• US 9,563,873 B1
• Filed: 10/18/2016
• Issued: 02/07/2017
• Est. Priority Date: 03/28/2016
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Kurian, Manu Jacob, Purushothaman, Sasidhar
• Primary Examiner(s): St Cyr, Daniel
• Application Number:
  US15/296,191
• Time in Patent Office: 112 Days
• Field of Search: 235/375, 235/377, 235/378, 235/383, 235/462.46, 235/472.02
• US Class Current: 1/1
• CPC Class Codes: G06K 17/0022 arrangements or provisions for transferring data to distant stations, e.g. from a sensing device "transfer between computer elements G06F13/00 "; data-transmission H04L
• CPC Class Codes: G06K 7/10366 the interrogation device being adapted for miscellaneous applications
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders

Abstract

Embodiments of the invention are directed to a system, method, or computer program product for generating resource tag systems and integration of the tag systems on machines for machine use, valuation, and distribution. The tags comprise sensors for monitoring activity of the machine or product and identifies stagnant periods in the use of the machine or product. Based on a triggering stagnant duration, the tag system provides signals to the user indicating product inactivity. The tag may generate a communicable link with outside sources to identify and present the user with a current market value of the machine or product that the tag is affixed. Upon authorization, the tag may post the machine or product for sale and/or present the product for donation. Furthermore, upon sale of the product, the tag may be able to transfer warranty information along with the product.

Claims

1. A system for a deployable valuation and distribution tag, the system comprising:

a memory device with computer-readable program code stored thereon;

a communication device;

a processing device operatively coupled to the memory device and the communication device, wherein the processing device is configured to execute the computer-readable program code to;

receive an indication of deployment onto a product, wherein the indication of deployment comprises an activation of the tag;

identify the product deployed onto;

generate a communicable linkage with distributor servers;

identify, during deployment, activity associated with the product and log the activity identified;

receive terms from a user, wherein the terms define a trigger duration of inactivity;

monitor, during deployment of the tag, inactivity of the product and log the inactivity identified;

trigger valuation and distribution of product based on an identification of the duration of inactivity associated with the terms from the user;

confirm valuation and distribution terms are acceptable by user based on received terms from the user; and

complete a distribution of the product to the valuation entity.

2. The system of claim 1, further comprising generating the tag, wherein the tag is an affixable device comprising a communication linkage generator, positioning device, and gyroscopic device.

3. The system of claim 1, wherein identifying activity associated with the product further comprises using a gyroscopic device and positioning device associated with the tag to monitor motion and activation of the product.

4. The system of claim 1, wherein identifying a shape of the product further comprises scanning the product using a camera or sensor associated with the tag to identify a shape of the product and communicating the shape to the user device and distributor servers for confirmation of identification of product.

5. The system of claim 1, wherein distributor servers are associated with a merchant, online auction house, or manufacturer capable of valuation and purchasing of the product based on receiving the product information from the tag.

6. The system of claim 1, further comprising distributing the product to a purchaser based on user selection and approval of the distribution value, wherein distribution further comprises transferring of warranty to the purchaser.

7. The system of claim 1, wherein the product is a machine.

8. A computer program product for a deployable valuation and distribution tag, the computer program product comprising at least one non-transitory computer-readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising:

an executable portion configured for receiving an indication of deployment onto a product, wherein the indication of deployment comprises an activation of the tag;

an executable portion configured for identifying the product deployed onto;

an executable portion configured for generating a communicable linkage with distributor servers;

an executable portion configured for identifying, during deployment, activity associated with the product and log the activity identified;

an executable portion configured for receiving terms from a user, wherein the terms define a trigger duration of inactivity;

an executable portion configured for monitoring, during deployment of the tag, inactivity of the product and log the inactivity identified;

an executable portion configured for triggering valuation and distribution of product based on an identification of the duration of inactivity associated with the terms from the user;

an executable portion configured for confirming valuation and distribution terms are acceptable by user based on received terms from the user; and

an executable portion configured for completing a distribution of the product to the valuation entity.

9. The computer program product of claim 8, further comprising an executable portion configured for generating the tag, wherein the tag is an affixable device comprising a communication linkage generator, positioning device, and gyroscopic device.

10. The computer program product of claim 8, wherein identifying activity associated with the product further comprises using a gyroscopic device and positioning device associated with the tag to monitor motion and activation of the product.

11. The computer program product of claim 8, wherein identifying a shape of the product further comprises scanning the product using a camera or sensor associated with the tag to identify a shape of the product and communicating the shape to the user device and distributor servers for confirmation of identification of product.

12. The computer program product of claim 8, wherein distributor servers are associated with a merchant, online auction house, or manufacturer capable of valuation and purchasing of the product based on receiving the product information from the tag.

13. The computer program product of claim 8, further comprising an executable portion configured for distributing the product to a purchaser based on user selection and approval of the distribution value, wherein distribution further comprises transferring of warranty to the purchaser.

14. A computer-implemented method for a deployable valuation and distribution tag, the method comprising:

providing a computing system comprising a computer processing device and a non-transitory computer readable medium, where the computer readable medium comprises configured computer program instruction code, such that when said instruction code is operated by said computer processing device, said computer processing device performs the following operations;

receiving an indication of deployment onto a product, wherein the indication of deployment comprises an activation of the tag;

identifying the product deployed onto;

generating a communicable linkage with distributor servers;

identifying, during deployment, activity associated with the product and log the activity identified;

receiving terms from a user, wherein the terms define a trigger duration of inactivity;

monitoring, during deployment of the tag, inactivity of the product and log the inactivity identified;

triggering valuation and distribution of product based on an identification of the duration of inactivity associated with the terms from the user;

confirming valuation and distribution terms are acceptable by user based on received terms from the user; and

completing a distribution of the product to the valuation entity.

15. The computer-implemented method of claim 14, further comprising generating the tag, wherein the tag is an affixable device comprising a communication linkage generator, positioning device, and gyroscopic device.

16. The computer-implemented method of claim 14, wherein identifying activity associated with the product further comprises using a gyroscopic device and positioning device associated with the tag to monitor motion and activation of the product.

17. The computer-implemented method of claim 14, further comprising distributing the product to a purchaser based on user selection and approval of the distribution value, wherein distribution further comprises transferring of warranty to the purchaser.