Digital appraisal system providing computational attestation of appraisal integrity
Systems and methods are disclosed for providing a virtual updated appraisal of a valuable asset without an onsite inspection. The appraisal system may provide attestation of the integrity of the updated appraisal generated by verifying the asset through video and image capture transmissions and geolocation data extracted from the transmissions. The updated appraisal may be configured as self-authenticating and recorded in a transaction on a blockchain, accessible via a QR code image. The updated appraisal may be stored in a blockchain wallet and configured as a non-fungible token. The geolocation data can enables the appraisal system to verify the integrity of the submission and thereby reduces the chance of fraud. In this way, updated appraisals generated by the system can increase confidence for insurance companies as to the authenticity and accuracy of the updated appraisal.
1. A digital appraisal system comprising:
a blockchain communication network;
an appraisal server in communication with the blockchain communication network;
a client device paired with the appraisal server; and
wherein the appraisal server is configured to receive a request from the client device to prepare an updated digital appraisal in the blockchain communication network, and respond to the request by:
determining a geolocation of the client device;
establishing a secure connection with the client device;
securely receiving a submission from the client device, the submission including: (i) an image capture of a prior textual appraisal of an asset, (ii) an image capture of the asset, and (iii) a video capture of the asset;
extracting both: (i) text data and (ii) metadata from the image capture of the prior textual appraisal;
computationally performing an internal validation of the integrity of the image capture of the prior appraisal based on the extracted text data and metadata from the image capture of the prior textual appraisal;
comparing (i) the geolocation of the client device; (ii) geolocation data associated with the image of the prior appraisal, (iii) geolocation data associated with the image capture of the asset, and (iv) geolocation data associated with the video capture of the asset to verify integrity of the submission;
if the integrity of the submission is verified:
computationally generating an updated appraisal of the asset using (i) the extracted text data and metadata of the image capture of the prior textual appraisal, (ii) the image capture of the asset, and (iii) the video capture of the asset; and
recording the updated appraisal in a blockchain transaction.
2. The digital appraisal system of claim 1 further including:
an electronic wallet storing a copy of the updated appraisal, the updated appraisal being configured as a non-fungible token;
the electronic wallet being configured to enable access to the updated appraisal via a QR code image.
3. The digital appraisal system as in claim 2 wherein the electronic wallet includes a plurality of updated appraisals, each being separately configured as respective non-fungible tokens.
4. The digital appraisal system as in claim 3 wherein the plurality of updated appraisals are bound into a ring, such that they are interchangeably accessible to a third party service provider on behalf of a user of the client device.
5. The digital appraisal system of claim 1 wherein the appraisal server processes the image capture of the prior textual appraisal to detect for alterations using digital image manipulation detection algorithms.
6. The digital appraisal system of claim 1 wherein the electronic wallet further includes a plurality of videos detailing historical data about the asset.
7. The digital appraisal system of claim 1 wherein if the submission integrity is verified transmitting an instruction to the blockchain network for recording the updated appraisal, such that at least a portion of the blockchain network responds by requiring multiple electronic signatures in order to accept an electronic blockchain transaction recording the digital appraisal including:
requiring a first electronic signature that corresponds to the processing of the updated appraisal, such that a verification of the integrity of the signature is applied to the blockchain transaction; and
responding to the first electronic signature by verifying the integrity of the signature.
8. The digital appraisal system of claim 1 wherein the client device receives a QR code from the appraisal server to access the updated appraisal.
9. The digital appraisal system of claim 1 wherein the client device receives a QR code from the appraisal server to access the updated appraisal and a plurality of other updated appraisals.
10. The digital appraisal system of claim 1 further including:
a parser computationally parsing and indexing the extracted index text data and metadata from the image capture of the prior textual appraisal;
a machine learning engine comparing the extracted, indexed text data and metadata from the image capture of the prior textual appraisal with a corpus of data including a plurality of other appraisals;
a classifier classifying the extracted, indexed text data and metadata from the image capture of the prior textual appraisal based on the comparison with the corpus of data; and
generating the updated appraisal based on the classifying.
11. A method of providing a digital appraisal comprising:
receiving, at an appraisal system, a request from a client device to prepare an updated digital appraisal in a blockchain communication network, the appraisal server responding to the request by:
determining a geolocation of the client device;
establishing a secure connection with the client device;
securely receiving a submission from the client device, the submission including: (i) an image capture of a prior textual appraisal of an asset, (ii) an image capture of the asset, and (iii) a video capture of the asset;
extracting both: (i) text data and (ii) metadata from the image capture of the prior textual appraisal;
computationally performing an internal validation of the integrity of the image capture of the prior appraisal based on the extracted text data and metadata from the image capture of the prior textual appraisal;
comparing (i) the geolocation of the client device; (ii) geolocation data associated with the image of the prior appraisal, (iii) geolocation data associated with the image capture of the asset, and (iv) geolocation data associated with the video capture of the asset to verify integrity of the submission;
if the integrity of the submission is verified:
computationally generating an updated appraisal of the asset using (i) the extracted text data and metadata of the image capture of the prior textual appraisal, (ii) the image capture of the asset, and (iii) the video capture of the asset; and
recording the updated appraisal in a blockchain transaction via the blockchain communication network.