US Patent Issued to State Farm Mutual Automobile Insurance on May 20 for "Blockchain systems and methods for managing property loan information" (California Inventor)

ALEXANDRIA, Va., June 16 -- United States Patent no. 12,307,513, issued on May 20, was assigned to State Farm Mutual Automobile Insurance Co. (Bloomington, Ill.).

"Blockchain systems and methods for managing property loan information" was invented by Lokesh Awasthy (Santa Clara, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Information associated with loans on personal property assets, such as vehicles or buildings, may be managed. A computer system may include an access computing device configured to access a blockchain network including a plurality of node computing devices that store a respective copy of a plurality of blockchains, each blockchain including a sequence of one or more blocks. The ac...