Kyle D Weber

Title: The Innovative Contributions of Kyle D Weber

Introduction

Kyle D Weber is an accomplished inventor based in Gilbert, AZ, known for his significant contributions to the field of distributed ledger technology. With a total of three patents to his name, Weber has made strides in enhancing the efficiency of subrogation claims through innovative technological solutions.

Latest Patents

One of Weber's latest patents focuses on the net settlement of subrogation claims using a distributed ledger. This invention leverages aspects of distributed ledger technology to verify subrogation settlements. In this process, two parties involved in a subrogation claim provide cryptographic hashes to a subrogation demand smart contract stored on a blockchain. The smart contract determines that the parties have reached an agreement by verifying that the cryptographic hashes match. A settlement amount from the subrogation claim can be appended to a set of settlement amounts to calculate a net settlement amount. This facilitates a single payment between the parties on a periodic basis, such as daily, thereby alleviating the need for individual payments for each settlement amount.

Career Highlights

Throughout his career, Kyle D Weber has worked with notable companies such as State Farm Mutual Automobile Insurance Company and United Services Automobile Association (USAA). His experience in these organizations has contributed to his expertise in the insurance and technology sectors.

Collaborations

Some of Weber's coworkers include Ryan Maurer and Nolan White, who have collaborated with him on various projects, enhancing the innovative environment in which he works.

Conclusion

Kyle D Weber's contributions to the field of distributed ledger technology and his innovative approach to subrogation claims exemplify the impact of modern inventions on traditional industries. His work continues to pave the way for advancements in efficiency and accuracy in financial settlements.