	US 12,106,377 B2
	Blockchain controlled multi-carrier auction system for usage-based auto insurance
Matthew L. Floyd, Alpharetta, GA (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 Sep. 14, 2022, as Appl. No. 17/932,116.
Application 17/932,116 is a continuation of application No. 16/990,697, filed on Aug. 11, 2020, granted, now 11,481,848.
Application 16/990,697 is a continuation of application No. 15/838,045, filed on Dec. 11, 2017, granted, now 10,776,879, issued on Sep. 15, 2020.
Claims priority of provisional application 62/522,439, filed on Jun. 20, 2017.
Claims priority of provisional application 62/455,217, filed on Feb. 6, 2017.
Claims priority of provisional application 62/447,254, filed on Jan. 17, 2017.
Prior Publication US 2023/0008881 A1, Jan. 12, 2023
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 40/08 (2012.01); G01D 9/00 (2006.01); G06F 16/27 (2019.01); G06Q 30/0601 (2023.01)

CPC G06Q 40/08 (2013.01) [G01D 9/00 (2013.01); G06F 16/27 (2019.01); G06Q 30/0611 (2013.01)]

20 Claims

1. A vehicle computer device associated with a vehicle, the vehicle computer device comprising:

at least one memory device; and

at least one processor configured to:

prior to starting a trip, generate a trip request message including trip information associated with the trip to be taken by a user of the vehicle, the trip request message for requesting one or more bids for coverage of the trip;

transmit the trip request message to an auction computer network including a plurality of computer devices associated with a plurality of insurers;

receive, from the auction computer network, a plurality of bids in response to the trip request message, each received bid associated with an insurer of the plurality of insurers and including information requested in the trip request message;

transmit an approval of a bid of the plurality of bids to at least one of the plurality of computer devices of the insurer associated with the bid;

receive, from a user based auto insurance management (UBAIM) server associated with the auction computer network, a smart contract associated with the bid;

store the smart contract in a first block in a blockchain structure accessible to the vehicle computer device; and

create a new block in the blockchain structure based upon updated information received from the UBAIM server and associated with the smart contract.