U.S. Patent 10861015 was awarded to STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY on December 08, 2020 and is entitled “Blockchain based account funding and distribution.” The first named inventor is Robert Alpine Jennings of Bloomington, IL. The abstract contains an overview of the patent disclosure:

The present methods and systems relate to using and accessing data stored in a blockchain, and in particular, interacting with the blockchain and users via smart contracts to handle account funding and distribution methods. The methods and systems include receiving a transaction from a participant, and verifying the transaction, such as by accessing a smart contract stored on the blockchain and checking a set of parameters against a set of conditions stored in the smart contract. Depending on whether the set of parameters satisfy the conditions, the results may be communicated to participants about the success or failure of the transaction. Link to Full Patent

This blockchain patent was originally filed on January 23, 2018  as U.S. Patent Application 15/878007 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10861015. The primary examiner was Aravind K Moorthy.

STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY, who is the original assignee of this patent, has at least 1288 total granted patents in the United States as of the date of this article. This blockchain patent has been cited 1 times by other U.S. patents according to our law firm research, and can be considered an innovative patent in the field of cryptocurrency and blockchain.

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