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US Patent 11429969 Blockchain based account funding and distribution

Patent 11429969 was granted and assigned to State Farm on August, 2022 by the United States Patent and Trademark Office.

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Contents

Is a
Patent
Patent
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Patent attributes

Patent Applicant
State Farm
State Farm
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Current Assignee
State Farm
State Farm
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Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
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Patent Number
114299690
Patent Inventor Names
Shyam Tummala0
Charles H. Roscow0
Eric Bellas0
Greg Hayes0
Jacob J. Alt0
Jaime Skaggs0
Melinda Teresa Magerkurth0
Robert Alpine Jennings0
...
Date of Patent
August 30, 2022
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Patent Application Number
168957970
Date Filed
June 8, 2020
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Patent Citations
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US Patent 10833843 Managing blockchain access
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US Patent 10861015 Blockchain based account funding and distribution
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US Patent 10872381 Evidence oracles
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US Patent 10878512 Blockchain technology for storing electronic medical records to enable instant life insurance underwriting
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US Patent 10891694 Using vehicle mode for subrogation on a distributed ledger
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US Patent 11070378 Signcrypted biometric electronic signature tokens
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US Patent 11195177 Distributed ledger systems for tracking recurring transaction authorizations
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US Patent 10361869 Event ledger
...
Patent Primary Examiner
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Aravind K Moorthy
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CPC Code
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H04L 9/3236
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H04L 2209/38
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H04L 2209/56
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G06F 21/645
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G06Q 20/401
0

The present methods and systems relate to using and accessing data stored in a blockchain, and in particular, interacting with the blockchain and users via smart contracts to handle account funding and distribution methods. The methods and systems include receiving a transaction from a participant, and verifying the transaction, such as by accessing a smart contract stored on the blockchain and checking a set of parameters against a set of conditions stored in the smart contract. Depending on whether the set of parameters satisfy the conditions, the results may be communicated to participants about the success or failure of the transaction.

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