Patent ID: 11861729
Assignee: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
Field: IT methods for management (Electrical engineering)
Classification: CPC G  H | IPC G

Claim 0:
1. A computer-implemented method of settling a subrogation claim by a shared ledger, the method comprising, via one or more processors, servers, and/or associated transceivers:
generating a subrogation claim;
deploying the subrogation claim to the shared ledger maintained by a plurality of participants in a shared ledger network according to a set of consensus rules, the subrogation claim identifying a subrogation defendant;
broadcasting an update to the subrogation claim deployed to the shared ledger, the update including data relating to fault in the subrogation claim, the data including one or more of: biometric data collected from a driver of a vehicle, data from vehicles not involved in a crash giving rise at least in part to the subrogation claim, or road sensor data transmitted from an evidence oracle to the shared ledger, wherein the update further includes a proof-of-identity to cryptographically prove that the update is originated by a participating entity, and wherein the update is appended to the shared ledger in response to the plurality of participants in the shared ledger network determining that the update satisfies the set of consensus rules;
and
receiving a subrogation claim settlement payment upon resolution of the subrogation claim, wherein the subrogation claim is closed upon receipt of the subrogation claim settlement payment.