A SYSTEM AND METHOD FOR COLLECTING, EVALUATING, AND TRANSFORMING ANIMAL DATA FOR USE AS A DIGITAL CURRENCY OR COLLATERAL TO ACQUIRE CONSIDERATION

Fecha de publicación: 14/11/2024
Fuente: Wipo "digitalization"
A system and method for collecting, evaluating, and transforming animal data as a form of digital currency or collateral to acquire other consideration includes a source of animal data. Biological data sensors gather animal data from a targeted individual that is transmitted electronically. An intermediary server gathers at least a portion of the animal data and associated metadata. The intermediary server generates one or more terms for using the at least a portion of animal data as collateral to enable the targeted individual to secure consideration. Upon acceptance of the one or more terms by the targeted individual, the intermediary server provides consideration based upon the assigned monetary value, at least in part, to another computing device in exchange for the collateral, the collateral including the at least a portion of animal data.