Invention Application
- Patent Title: USING A DISTRIBUTED LEDGER FOR TOTAL LOSS MANAGEMENT
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Application No.: US17683211Application Date: 2022-02-28
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Publication No.: US20220269668A1Publication Date: 2022-08-25
- Inventor: William J. Leise , Jacob J. Alt , Jaime Skaggs , Eric Bellas , Shawn M. Call , Eric R. Moore , Melinda Teresa Magerkurth , Vicki King
- Applicant: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
- Applicant Address: US IL Bloomington
- Assignee: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
- Current Assignee: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
- Current Assignee Address: US IL Bloomington
- Main IPC: G06F16/23
- IPC: G06F16/23 ; H04L9/06 ; G06Q40/08 ; G06F16/901 ; G06F16/182 ; G06F16/21 ; G07C5/08 ; G06Q10/00 ; G06Q40/00 ; G06F16/27 ; G06Q30/04 ; G06Q30/06 ; G06Q40/02 ; G07C5/00

Abstract:
The present embodiments relate to systems and methods for using a blockchain to record information related to processes and services in the vehicle industry. For example, (1) receiving vehicle data from one or more remote computing devices; (2) detecting a change in a condition of the vehicle from analysis of the vehicle data, such as that the vehicle has been in a collision and is now a total loss; (3) identifying a VIN of the vehicle or retrieving the VIN from a memory unit when a change in a condition of the vehicle is detected; (4) generating a transaction (i) including the vehicle's VIN, and (ii) describing the detected change in the condition of the vehicle and/or the status of the total loss vehicle; and/or (5) transmitting the transaction to facilitate creating and/or maintaining a VIN-based distributed ledger for the particular vehicle and/or transferring ownership of the total loss vehicle.
Information query