Generating and applying a prediction model based on blockchain data
US11887037B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Feb 19, 2019 |
| Grant date | Jan 30, 2024 |
| Priority date | — |
| Expiry date | Feb 27, 2042 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L9/50
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Generating and applying a prediction model based on blockchain data is disclosed. Based on blockchain data related to historical invoices, a prediction model is generated using machine learning. The prediction model is used to generate a recommendation for a particular entity to obtain a target funding amount by a target funding date. The prediction model is applied to the particular entity's outstanding invoices. Based on blockchain data related to the outstanding invoices, the prediction model determines a predicted cost that the particular entity would incur in obtaining funding, by the target funding date, using each outstanding invoice. A funding type to be used for each invoice is also identified. Invoices are selected based on the predicted costs. An interface presents the recommendation to use the selected invoices to obtain the target funding amount by the target funding date.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.