Smart contracts for vehicle events

US10740849B1 · kind B1 · utility

Assignee

• State Farm Mutual Automobile Insurance Company · US

Inventors

• William J. Leise · Normal, US
• Jacob J. Alt · Downs, US
• Jaime Skaggs · Chenoa, US
• Eric Bellas · Bloomington, US
• Shawn M. Call · Bloomington, US
• Eric R. Moore · Heyworth, US
• Melinda Teresa Magerkurth · Utica, US
• Vicki King · Bloomington, US

Key dates

• Filing date: Mar 2, 2018
• Grant date: Aug 11, 2020
• Expiry date: Sep 18, 2038

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04L2209/56
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods are disclosed for interacting with smart contracts stored on a blockchain to control vehicle related activity. The systems and methods may include (1) receiving one or more transactions from one or more computing devices, the transactions associated with a particular vehicle and include a VIN for the vehicle and indicative of at least one of a trigger condition associated with the vehicle; (2) compiling the one or more transactions into a block of transactions; (3) distributing the block to a plurality of validation entities to form a consensus on an update to the distributed ledger; (4) routing the one or more transactions within the block to respective smart contracts associated with the VIN; and/or (5) automatically executing an action the particular smart contract directs should be performed in response to the particular trigger condition.