US Patent Issued to STATE FARM MUTUAL AUTOMOBILE INSURANCE on Feb. 10 for "Blockchain subrogation payments" (Illinois, Missouri Inventors)

ALEXANDRIA, Va., Feb. 11 -- United States Patent no. 12,548,080, issued on Feb. 10, was assigned to STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY (Bloomington, Ill.).

"Blockchain subrogation payments" was invented by Jaime Skaggs (Chenoa, Ill.), Shawn M. Call (Bloomington, Ill.), Eric Bellas (Bloomington, Ill.), Douglas A. Graff (Mountain View, Mo.), William J. Leise (Normal, Ill.), Vicki King (Bloomington, Ill.), Jacob J. Alt (Downs, Ill.), Eric R. Moore (Heyworth, Ill.) and Stacie A. McCullough (Bloomington, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A shared ledger operated by a group of network participants according to a set of consensus rules manages and resolves subrogation claims between a ...