US 12,327,290 B2
Net settlement of subrogation claims using a distributed ledger
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); and Karen Marie Shackelford-George, San Antonio, TX (US)
Assigned to STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY, Bloomington, IL (US); and United Services Automobile Association (USAA), San Antonio, TX (US)
Filed by STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY, Bloomington, IL (US); and United Services Automobile Association (USAA), San Antonio, TX (US)
Filed on Feb. 6, 2024, as Appl. No. 18/433,608.
Application 18/433,608 is a continuation of application No. 17/896,617, filed on Aug. 26, 2022, granted, now 11,922,526.
Application 17/896,617 is a continuation of application No. 17/530,030, filed on Nov. 18, 2021, granted, now 11,461,861, issued on Oct. 4, 2022.
Claims priority of provisional application 63/196,516, filed on Jun. 3, 2021.
Claims priority of provisional application 63/196,544, filed on Jun. 3, 2021.
Prior Publication US 2024/0212078 A1, Jun. 27, 2024
Int. Cl. G06Q 50/18 (2012.01); G06F 16/23 (2019.01); H04L 9/32 (2006.01)
CPC G06Q 50/18 (2013.01) [G06F 16/2365 (2019.01); H04L 9/3236 (2013.01)] 19 Claims
OG exemplary drawing
 
1. A computer-implemented method for generating a subrogation demand smart contract using a distributed ledger, the method comprising, via one or more processors, servers, and/or associated transceivers:
generating the subrogation demand smart contract for the distributed ledger in a distributed ledger network maintained by a plurality of participants each executing code in the subrogation demand smart contract to reach a distributed consensus on a state of the subrogation demand smart contract, the subrogation demand smart contract configured to:
determine a proof of agreement regarding a settlement between a first party and a second party to a subrogation claim by comparing a first cryptographic hash value provided by the first party to a second cryptographic hash value provided by the second party, and determining that there is proof of agreement in response to determining that the first and second cryptographic hash values match, wherein each of the first and second cryptographic hash values are determined based upon a same set of one or more characteristics of the settlement between the first and second parties; and
record the proof of agreement regarding the settlement in the distributed ledger to allow the first and second parties to verify terms of the settlement; and
deploying the subrogation demand smart contract to the distributed ledger maintained by the plurality of participants in the distributed ledger network.