System and method for monitoring physical assets
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United States of America Patent
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N/A
Issued Date -
May 10, 2007
app pub date -
Nov 7, 2005
filing date -
Nov 7, 2005
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A system and method for monitoring physical assets. An asset is registered at a site and simultaneously appraised for value. The registered asset is periodically evaluated over time to estimate and record value fluctuations in the asset. Upon request, the asset's current value is reported. Asset owners are periodically offered new or upgraded versions of existing registered assets, and a time and quality dependent buy-back voucher in the amount of the registered asset's current estimated value based on the asset in question conforming to the valuation algorithm. The buy-back voucher may be redeemed at the appropriate retail establishment.
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