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:
Jun. 10, 2025
Filed:
Feb. 06, 2024
State Farm Mutual Automobile Insurance Company, Bloomington, IL (US);
United Services Automobile Association (Usaa), San Antonio, TX (US);
Ryan Maurer, Phoenix, AZ (US);
Nolan White, Chandler, AZ (US);
Kyle D. Weber, Gilbert, AZ (US);
Edward Austin, Scottsdale, AZ (US);
William Guthrie, Mesa, AZ (US);
Dustin Helland, Morton, IL (US);
Bharat Prasad, San Antonio, TX (US);
Sharon Kay Haverlah, Bulverde, TX (US);
Karen Marie Shackelford-George, San Antonio, TX (US);
STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY, Bloomington, IL (US);
United Services Automobile Association (USAA), San Antonio, TX (US);
Abstract
Aspects of distributed ledger technology are leveraged to verify subrogation settlements. In particular, two parties to a subrogation claim provide cryptographic hashes to a subrogation demand smart contract stored at an address on a blockchain. The subrogation demand smart contract determines that the parties have reached an agreement by determining that the cryptographic hashes match. A settlement amount from the subrogation claim may be appended to a set of settlement amounts to determine a net settlement amount to facilitate a single payment between the parties on a periodic basis, such as daily, to alleviate the need for the parties to send or receive a payment for each individual settlement amount.