U.S. Patent 10949926 was awarded to STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY on March 16, 2021 and is entitled “Fault determination of blockchain subrogation claims.” The first named inventor is Douglas A. Graff of Mountain View, MO. The abstract contains an overview of the patent disclosure:

A shared ledger operated by a group of network participants according to a set of consensus rules manages and resolves subrogation claims between a clamant and a defendant with arbitration. Evidence regarding the value of the subrogation claim is sent to the shared ledger by the parties to the subrogation claim such as sending data to a smart contract deployed on the shared ledger. The parties to the subrogation claim or entities that are not parties to the subrogation claim may broadcast data relating to fault to the blockchain. The data relating to fault may be evaluated by the parties or entities acting on the parties’ behalf to determine fault. A fault determination may be broadcast to the blockchain based upon the analysis of the data relating to fault. Once the claim is resolved, arbitrator may release funds on the chain to the prevailing party or may accept confirmation that any payments have been made between the parties off-chain. Link to Full Patent

This blockchain patent was originally filed on April 17, 2018  as U.S. Patent Application 15/955213 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10949926. The primary examiner was Alexander G Kalinowski.

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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