Blockchain based account activation

US12039534B2 · kind B2 · utility

Assignee

• State Farm Mutual Automobile Insurance Company · US

Inventors

• Jacob J. Alt · Downs, US
• Eric Bellas · Bloomington, US
• Jaime Skaggs · Chenoa, US
• Shawn M. Call · Bloomington, US
• Melinda Teresa Magerkurth · Utica, US
• Vicki King · Bloomington, US
• Charles H. Roscow · Bloomington, US
• Scott Shoop · Heyworth, US
• Greg Hayes · Bloomington, US
• Robert Alpine Jennings · Bloomington, US
• Amber Nelson-Wolfe · Bloomington, US
• Shyam Tummala · Bloomington, US

Key dates

• Filing date: Mar 11, 2021
• Grant date: Jul 16, 2024
• Expiry date: Sep 2, 2042

Classification

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

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 to provide bank card activation services using smart contracts. The methods and systems include (1) receiving a credit card application package associated with a credit card, wherein the credit card application package includes credit card information and a set of user information, (2) verifying the credit card information and the set of user information, (3) checking the credit card information and the set of user information against the smart contract stored on the blockchain, wherein the smart contract includes a set of conditions, and (4) activating the credit card when the credit card information and the set of user information satisfy the set of conditions stored in the smart contract.