Influential STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY Blockchain Patent – Evidence oracles – US10872381

U.S. Patent 10872381 was awarded to STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY on December 22, 2020 and is entitled “Evidence oracles.” The first named inventor is Douglas Albert Graff of Mountain View, MO. The abstract contains an overview of the patent disclosure:

Systems and methods are disclosed with respect to using a blockchain for managing the subrogation claim process related to a vehicle collision, in particular, utilizing evidence oracles as part of the subrogation process. An exemplary embodiment includes receiving recorded data from one or more connected devices at a geographic location; analyzing the recorded data, wherein analyzing the recorded data includes determining that an collision has occurred involving one or more vehicles; generating a transaction including the data indicative of the collision based upon the analysis; and transmitting the transaction to at least one other participant in the distributed ledger network. Link to Full Patent

This blockchain patent was originally filed on April 18, 2018  as U.S. Patent Application 15/955777 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10872381. The primary examiner was Ghodrat Jamshidi.

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 2 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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