U.S. Patent 10929931 was awarded to STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY on February 23, 2021 and is entitled “Distributed ledger system for carrier discovery.” The first named inventor is Ronny S. Bryant of Bloomington, IL. The abstract contains an overview of the patent disclosure:

Systems and methods are disclosed with respect to using a distributed ledger, such as a blockchain, for facilitating carrier discovery. More specifically, the distributed ledger may be utilized to track insured individuals, their insurance policies, the insurance companies holding each of their policies, etc. This may be useful for facilitating exchange of insurance information between drivers after an automobile accident when drivers want to exchange insurance information and/or verify that the other is insured, facilitating subrogation (e.g., when an insurance company pays for an first insured party’s losses but subsequently pursues reimbursement from an insurance company of a second at-fault party), and/or facilitating a determination of whether a driver has excess liability coverage. Link to Full Patent

This blockchain patent was originally filed on January 12, 2018  as U.S. Patent Application 15/870364 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10929931. The primary examiner was Scott C Anderson.

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 0 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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