The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Aug. 30, 2022
Filed:
Jun. 08, 2020
State Farm Mutual Automobile Insurance Company, Bloomington, IL (US);
Jacob J. Alt, Downs, IL (US);
Eric Bellas, Bloomington, IL (US);
Jaime Skaggs, Chenoa, IL (US);
Shawn M. Call, Bloomington, IL (US);
Melinda Teresa Magerkurth, Utica, IL (US);
Vicki King, Bloomington, IL (US);
Charles H. Roscow, Bloomington, IL (US);
Scott Shoop, Heyworth, IL (US);
Greg Hayes, Bloomington, IL (US);
Robert Alpine Jennings, Bloomington, IL (US);
Amber Nelson-Wolfe, Bloomington, IL (US);
Shyam Tummala, Bloomington, IL (US);
STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY, Bloomington, IL (US);
Abstract
The present methods and systems relate to using and accessing data stored in a blockchain, and in particular, interacting with the blockchain and users via smart contracts to handle account funding and distribution methods. The methods and systems include receiving a transaction from a participant, and verifying the transaction, such as by accessing a smart contract stored on the blockchain and checking a set of parameters against a set of conditions stored in the smart contract. Depending on whether the set of parameters satisfy the conditions, the results may be communicated to participants about the success or failure of the transaction.