PicPocket-Labs, Inc. awarded patent for geofencing-based, media authentication aimed at real-estate appraisals and commercial underwriting
By: PicPocket-Labs, Inc.
The patent pertains to verifying that photos/videos sourced to provide an asset comparison are both current (date/time-wise)
"PicPocket's geofencing-based, content verification technology assures lending institutions and insurers that the images appraisers use to establish comparables, which adjusters and policyholders use to resolve claims and from which appraisers and inspectors may establish an asset's residual worth, represent an asset in good faith" explains Wolfram Gauglitz, President and CEO of PicPocket-Labs, Inc. "By using location information not just to validate when and where media was captured, but also to make an informed association from which to compel an apples-to-apples comparison, the ability of a geofence to limit the population of like assets from which to source appropriate comparables from, provides another tool for insurance carriers and mortgage lenders."
PicPocket-Labs, Inc. is an early pioneer in geofencing and location-based IT solutions with offices in Austin and Dallas, TX. The company holds seminal patents for the real-time, capture, aggregation and curation of media/data using geofencing and offers a robust API and mobile SDKs for cloud-service providers and third-party integrations.
For more information about PicPocket-Labs, please visit us at: www.PicPocket.com.