US 11,810,189 B2
Blockchain systems and methods for managing property loan information
Lokesh Awasthy, Santa Clara, CA (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 Nov. 14, 2022, as Appl. No. 18/055,272.
Application 18/055,272 is a continuation of application No. 15/880,103, filed on Jan. 25, 2018, granted, now 11,501,365.
Claims priority of provisional application 62/460,216, filed on Feb. 17, 2017.
Prior Publication US 2023/0073608 A1, Mar. 9, 2023
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 40/03 (2023.01); G06Q 20/38 (2012.01); H04L 9/30 (2006.01)
CPC G06Q 40/03 (2023.01) [G06Q 20/389 (2013.01); H04L 9/30 (2013.01); G06Q 2220/00 (2013.01)] 18 Claims
OG exemplary drawing
 
1. A computer-implemented method of operating a computer system to manage information using blockchains, the method implemented using an access computing device of the computer system, the method comprising:
receiving a request for information that is stored in a first blockchain, the request including: (i) an asset identifier associated with a personal property asset, and (ii) a user identifier associated with the user;
in response to receiving the request, transmitting a query including the asset identifier and the user identifier to a blockchain node computing device, the asset identifier prompting the blockchain node computing device to retrieve a first blockchain, the user identifier prompting the blockchain node computing device to match the user identifier with information in a last block in the first blockchain, the last block including an encryption of first transaction information for an existing first transaction associated with the personal property asset and the user;
receiving the encryption of the first transaction information from the blockchain node computing device;
receiving, from a remote computing device associated with the user, an acceptance notification indicating acceptance of a second transaction associated with the personal property asset including second transaction information, the second transaction information representing an update to the first transaction information; and
in response to said receiving the acceptance notification:
generating a smart contract associated with the second transaction;
electronically executing the smart contract, including updating a title associated with the personal property asset;
encrypting the second transaction information and a representation of the executed smart contract; and
automatically transmitting an update instruction to the blockchain node computing device, the update instruction causing the blockchain node computing device to generate and store a new block subsequent to the last block, the new block including the encryption of the second transaction information.