Risk Score Generation via Transactional Ballast Comparison
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Solution Overview
Problem
Current methodologies fail to effectively evaluate and manage the score risk in agreements between entities, particularly in scenarios where third-party entities assume risks, as they lack real-time analysis of specific agreement parameters and transactional ballasts, leading to uncertainties in payment and delivery timelines.
Innovation Solution
A computer-based method and system that generates and updates a score risk by comparing ideal and real transactional markers, using a communications network to assess the performance of agreements between entities, enabling real-time evaluation and monitoring of transactional ballasts and behavior.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If third-party entities assume risks in transactions, then payment and delivery uncertainties are reduced, but the complexity of risk evaluation and monitoring increases
Solution Approach 1:
The patent segments the risk evaluation process into multiple independent components: ideal transactional ballast (agreement parameters), real transactional ballast (actual performance markers), and validation seals. Each component can be evaluated separately and combined to produce an overall risk score, reducing the complexity of comprehensive risk assessment.
Solution Approach 2:
The system continuously monitors real transactional markers against ideal markers and provides feedback through validation seals that update risk scores in real-time. This feedback mechanism allows third-party entities to assess risk dynamically based on actual performance, improving reliability while managing evaluation complexity through automated continuous monitoring.
2Measurement precision
If real-time monitoring of transactional ballasts is implemented, then risk evaluation accuracy is improved, but the system complexity and computational requirements increase
Solution Approach 1:
The patent creates a virtual copy of the transactional ballast through the validation seal mechanism, which stores and compares ideal markers with real markers without requiring complex real-time processing. This copying approach allows accurate risk evaluation while reducing system complexity by using standardized comparison protocols rather than complex analytical models.
Solution Approach 2:
The system transforms complex transactional data into standardized parameters (markers) that can be easily compared and validated. By converting real-time monitoring data into discrete, comparable parameters, the system achieves high measurement precision while maintaining manageable system complexity through parameter standardization.
3Reliability
If comprehensive risk assessment based on agreement parameters is performed, then the reliability of risk evaluation is improved, but the time required for analysis increases
Solution Approach 1:
The patent performs preliminary action by establishing ideal transactional ballast (agreement parameters) before the transaction occurs. This pre-definition of expected markers allows for rapid real-time comparison during transaction execution, improving reliability through comprehensive parameter coverage while reducing analysis time by avoiding the need to evaluate all agreement terms during execution.
Solution Approach 2:
The validation seal mechanism allows the system to skip detailed analysis of individual markers when they conform to expected patterns, rushing through the evaluation process for routine transactions while maintaining comprehensive reliability assessment. This selective deep-dive approach reduces overall analysis time without compromising risk evaluation thoroughness.
Data Source
AI summary
Described is a method for generating a score risk (IR), the method comprising the steps of: receiving at least one purchase order for at least one asset (DC), the purchase order of the asset generated from an agreement (A) established between a first entity (C) and a second entity (V), the agreement linked to the performance of an action between the entities. The generation of the agreement (A) also generates an ideal transactional ballast (LI) comprising a plurality of ideal markers wherein each one of the ideal markers is related to the agreement (A) established between the entities (C,V). The performance of the action between the entities generates a real transactional ballast (LR) comprising a plurality of real markers, wherein each one of the real markers is related to the action carried out between the entities, wherein the method further comprises the step of generating and updating the score risk based on the comparison between each one of the real markers and each one of the ideal markers.