Capacity Unit Architecture for Customizable Lifestyle Coverage Plans
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Solution Overview
Problem
Existing coverage models lack customization options, forcing individuals to choose all-or-nothing plans, limiting their ability to cover desired daily activities and items, and failing to aggregate plans with tailored premiums, coverages, and active periods.
Innovation Solution
A capacity unit architecture that issues digital assets or tokens based on user activity data, allowing individuals to generate, aggregate, and customize lifestyle plans in real-time, enabling seamless plan modifications and payouts.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If traditional coverage models are used, then plans are simple and easy to understand, but customization options are limited and individuals must choose all-or-nothing plans
Solution Approach 1:
The patent segments coverage into discrete capacity units that can be individually allocated to different plans. Instead of offering monolithic all-or-nothing plans, the system divides coverage into granular units (e.g., 1 capacity unit = $100 coverage) that can be selectively combined to create customized plans matching individual needs and preferences.
Solution Approach 2:
The patent implements dynamic plan generation where coverage plans are not static but can be adjusted in real-time. The system dynamically allocates capacity units to plans based on changing user preferences, activity levels, and available capacity, allowing plans to adapt rather than remain fixed all-or-nothing structures.
2Adaptability or versatility
If traditional coverage models are used, then the system is simple to operate, but the ability to aggregate plans with tailored premiums, coverages, and active periods is limited
Solution Approach 1:
The patent creates a universal capacity unit architecture that serves multiple functions: it acts as a currency for purchasing coverage, a building block for aggregating plans, and a flexible allocation mechanism. This multi-functional capacity unit system enables plan aggregation with tailored premiums, coverages, and active periods while maintaining ease of operation through a unified interface.
Solution Approach 2:
The system incorporates feedback mechanisms where users can view their allocated capacity units, adjust preferences, and see real-time plan aggregations. The feedback loop allows users to interact with the system, modify their coverage needs, and observe how capacity units are allocated to create customized aggregated plans.
3Productivity
If capacity unit architecture is implemented, then customization and real-time plan adjustments are enabled, but data collection and processing complexity increases
Solution Approach 1:
The patent extracts and isolates the capacity unit as a discrete, standardized digital asset that simplifies data processing. By taking out the complexity of custom plan calculations and encapsulating them within standardized capacity unit transactions, the system enables real-time adjustments while reducing overall data processing complexity through modular unit handling.
Solution Approach 2:
The system uses digital copying of capacity units rather than creating entirely new plans from scratch. When adjustments are needed, the system copies and allocates existing capacity unit templates rather than generating complex new plan structures, enabling real-time adjustments with reduced processing complexity.
4Adaptability or versatility
If traditional coverage models are used, then implementation is straightforward, but coverage capabilities are not enhanced for everyday activities and items
Solution Approach 1:
The patent applies local quality by allowing different capacity unit allocations for different plans and coverage types. Instead of uniform coverage, the system enables specific capacity unit distributions tailored to local needs - e.g., higher capacity units for health coverage if that's the user's priority, or different allocation ratios for various activity types and items.
Data Source
AI summary
Systems, methods, and computer-readable storage media utilized in protection generation. Some systems include at least one processing circuit configured to collect data detected based on an exchange by a user or a usage of a user device. The at least one processing circuit can be configured to generate at least one new capacity unit based on the data. The at least one processing circuit can be configured to generate a first plan of a plurality of other plans based on the at least one new capacity unit and at least one un-allocated capacity unit. The at least one processing circuit can be configured to allocate the at least one new capacity unit and the at least one un-allocated capacity unit to the first plan based on an allocation scheme. The at least one processing circuit can be configured to update a protection or period of the first plan.