Method and system for tracking personal property collateral

1. A system for decentralized tracking and recording of information regarding an item of personal property, comprising:

at least one external server comprising a processor, a memory and machine-readable code stored in said memory and executable by said processor to cause said server to:

receive information which identifies said item of personal property;

create a record regarding said item of personal property, said record comprising an initial block having said information which identifies said item of personal property and first time information associated therewith;

transmit information regarding said initial block to at least one other computing device for decentralized storage;

receive information regarding a transfer in ownership or possession of said item of personal property;

create a second block for said record, said second block having said information regarding said transfer in ownership or possession of said item of personal property and second time information associated therewith;

transmit information regarding said second block to said at least one other computing device;

receive information regarding a location of said item of personal property after said transfer in ownership or possession;

create a third block for said record, said third block having said information regarding said location of said item of personal property and third time information associated therewith; and

transmit information regarding said third block to said at least one other computing device.

2. The system in accordance with claim 1 , wherein said at least one external server is configured to receive said information regarding said location of said item of personal property by:

establishing a communication link between said at least one external server and said item of personal property via a communication device of said owner, said communication device communicatively coupled to said built-in communication interface of said item of personal property;

sending a request to said item of personal property via said built-in wireless communication device thereof; and

utilizing a response to said request to identify a location of said item of personal property.

3. The system in accordance with claim 2 , wherein said location is determined from an IP address received in response to said request.

4. The system in accordance with claim 1 , wherein said information which identifies said item of personal property is obtained from a manufacturer of said item of personal property.

5. The system in accordance with claim 1 , wherein said information which identifies said item of personal property comprises at least one of: a) a description of said item of personal property, b) a manufacture date; c) the manufacturer; d) a serial number; e) a model number; f) an IP address; and g) a unique identifier for said item of personal property.

6. The system in accordance with claim 1 , wherein said item of personal property comprises an IOT device.

7. The system in accordance with claim 1 , wherein said at least one external server is configured to receive a third party request for validation of the location of said item of personal property and ownership or possession thereof and utilize said information associated with said record regarding said item of personal property to respond to said request.

8. A system for identifying personal property of an owner and generating personal property records therefor, comprising:

at least one external server comprising a processor, a memory and machine-readable code stored in said memory and executable by said processor to cause said server to:

establish a communication link between said at least one external server and said item of personal property via a communication interface of said item of personal property;

send a request to said item of personal property via said communication link;

receive a response from said item of personal property, said response comprising at least information which identifies said item of personal property;

utilize said response to identify a location of said item of personal property; and

create a personal property record for said item of personal property based upon said response, said record comprising said information which identifies said item of personal property and said location of said item of personal property.

9. The system in accordance with claim 8 , wherein said record comprises a block chain.

10. The system in accordance with claim 8 , wherein said location is determined from an IP address received in said response.

11. The system in accordance with claim 8 , wherein said information which identifies said item of personal property comprises at least one of: a) a description of said item of personal property, b) a manufacture date; c) the manufacturer; d) a serial number; e) a model number; f) an IP address; and g) a unique identifier for said item of personal property.

12. The system in accordance with claim 8 , wherein said item of personal property comprises an TOT device.

13. The system in accordance with claim 8 , wherein said request comprises a polling request transmitted to a communication device to which said item of personal property is communicatively coupled.

14. The system in accordance with claim 13 , wherein said communication device comprises a router.

15. The system in accordance with claim 14 , wherein said response comprises a first response from a first item of personal property communicatively coupled to said router and a second response from a second item of personal property communicatively coupled to said router, and wherein said at least one server is configured to generate a first record regarding said first item of personal property and a second record regarding said second item of personal property.