US 12,386,989 B2
Systems and methods for blockchain-based payments
Melinda Teresa Magerkurth, Utica, IL (US); Eric Bellas, Bloomington, IL (US); Jaime Skaggs, Chenoa, IL (US); Shawn M. Call, Bloomington, IL (US); Eric R. Moore, Heyworth, IL (US); Vicki King, Bloomington, IL (US); Burton J. Floyd, Mackinaw, IL (US); David Turrentine, Normal, IL (US); Steven T. Olson, Bloomington, IL (US); Timothy Caleb Wells, Bloomington, IL (US); Corin Rebekah Chapman, Bloomington, IL (US); Edward W. Breitweiser, Bloomington, IL (US); Robert Gomez, Bloomington, IL (US); and Shelia Cummings Smith, Bloomington, IL (US)
Assigned to STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY, Bloomington, IL (US)
Filed by STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY, Bloomington, IL (US)
Filed on Jan. 20, 2022, as Appl. No. 17/579,690.
Application 17/579,690 is a continuation of application No. 15/877,066, filed on Jan. 22, 2018, granted, now 11,270,276.
Claims priority of provisional application 62/536,600, filed on Jul. 25, 2017.
Claims priority of provisional application 62/536,672, filed on Jul. 25, 2017.
Claims priority of provisional application 62/536,715, filed on Jul. 25, 2017.
Claims priority of provisional application 62/536,716, filed on Jul. 25, 2017.
Claims priority of provisional application 62/536,704, filed on Jul. 25, 2017.
Claims priority of provisional application 62/536,698, filed on Jul. 25, 2017.
Claims priority of provisional application 62/536,709, filed on Jul. 25, 2017.
Claims priority of provisional application 62/536,754, filed on Jul. 25, 2017.
Claims priority of provisional application 62/536,735, filed on Jul. 25, 2017.
Claims priority of provisional application 62/536,683, filed on Jul. 25, 2017.
Claims priority of provisional application 62/450,349, filed on Jan. 25, 2017.
Prior Publication US 2022/0138711 A1, May 5, 2022
This patent is subject to a terminal disclaimer.
Int. Cl. G06F 21/62 (2013.01); G06F 21/60 (2013.01); G06F 21/64 (2013.01); G06Q 20/10 (2012.01); G06Q 20/38 (2012.01); G06Q 20/40 (2012.01); G06Q 40/08 (2012.01); H04L 9/06 (2006.01); H04L 9/08 (2006.01); H04L 9/14 (2006.01); H04L 9/30 (2006.01); H04L 9/32 (2006.01); H04L 9/40 (2022.01); H04L 67/104 (2022.01); G06Q 10/10 (2023.01); G06Q 20/22 (2012.01); H04L 9/00 (2022.01)
CPC G06F 21/6209 (2013.01) [G06F 21/602 (2013.01); G06F 21/604 (2013.01); G06F 21/6245 (2013.01); G06F 21/64 (2013.01); G06Q 20/10 (2013.01); G06Q 20/102 (2013.01); G06Q 20/3825 (2013.01); G06Q 20/3827 (2013.01); G06Q 20/3829 (2013.01); G06Q 20/401 (2013.01); G06Q 20/4014 (2013.01); G06Q 40/08 (2013.01); H04L 9/0637 (2013.01); H04L 9/0825 (2013.01); H04L 9/0861 (2013.01); H04L 9/0894 (2013.01); H04L 9/14 (2013.01); H04L 9/30 (2013.01); H04L 9/3236 (2013.01); H04L 9/3247 (2013.01); H04L 63/0428 (2013.01); H04L 63/10 (2013.01); H04L 67/104 (2013.01); G06Q 10/10 (2013.01); G06Q 20/223 (2013.01); G06Q 2220/00 (2013.01); G06Q 2220/10 (2013.01); H04L 9/50 (2022.05); H04L 63/105 (2013.01); H04L 2209/56 (2013.01)] 18 Claims
OG exemplary drawing
 
1. A computer-implemented method of storing a plurality of immutable insurance policy payment records corresponding to insurance policies issued by an entity in a blockchain, the blockchain maintained by a plurality of nodes connected via a blockchain network, the method comprising:
generating, at one or more processors of a first node of the plurality of nodes, a private encryption key and a public encryption key pair for a source, wherein the source is not one of the plurality of nodes;
transmitting, by the one or more processors, the private encryption key and the public encryption key pair to the source via a communication channel other than the blockchain network;
receiving, at the one or more processors from the source via the communication channel other than the blockchain network, a transaction request initiated by the source for a policy payment for an insurance policy held by the source with the entity, wherein the transaction request is digitally signed by the source using the private encryption key;
validating the transaction request by authenticating an identity of the source based upon a digital signature and the public encryption key and by determining that an existing block of the blockchain indicates the identity of the source;
in response to the validation of the transaction request, adding, by the one or more processors, an insurance policy payment record for the policy payment to a block; and
when the block is cryptographically validated by at least one other node of the plurality of nodes, adding, by the one or more processors, the block to the blockchain.