Using a distributed ledger for tracking VIN recordkeeping

US10817953B1 · 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: Oct 27, 2020
• Expiry date: Sep 15, 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 creating, maintaining, and interacting with a distributed ledger for VIN recordkeeping related to a particular vehicle. The systems and methods include the use of smart contracts, and receiving information about the vehicle, such as a description of the vehicle, whether the vehicle is covered by insurance, financial information related to the vehicle, and any maintenance data about the vehicle. This information may be used to create a distributed ledger for the particular vehicle, and during the vehicle's lifetime events related to the vehicle may be recorded in the distributed ledger.