Influential STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY Blockchain Patent – Systems and methods for controlled access to policy data on blockchain – US10824747

U.S. Patent 10824747 was awarded to STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY on November 03, 2020 and is entitled “Systems and methods for controlled access to policy data on blockchain.” The first named inventor is David Turrentine of Normal, IL. The abstract contains an overview of the patent disclosure:

Methods and systems for managing and/or processing a blockchain to maintain data security for confidential and/or personal data are provided. According to certain aspects, the disclosed data security techniques may enable access sharing functionality utilizing the blockchain. For example, access sharing may be utilized to share policy information. The policy information may be associated with a smart contract. Accordingly, the policy information may be encrypted using a public key for the smart contract and compiled into a block of the blockchain. In response to a request to provide access to the information to a particular node, the private key for the smart contract may be encrypted using the public key for the particular node and compiled into a block of the blockchain. Link to Full Patent

This blockchain patent was originally filed on January 22, 2018  as U.S. Patent Application 15/876953 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10824747. The primary examiner was Badri Narayanan Champeksan.

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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