William Joseph Guthrie

US Patent:

20220414807, Dec 29, 2022

Filed:

Aug 26, 2022

Appl. No.:

17/896617

Inventors:

- Bloomington IL, US
- San Antonio TX, US
Kyle D. Weber - Gilbert AZ, US
Edward Austin - Scottsdale AZ, US
William Guthrie - Mesa AZ, US
Dustin Helland - Morton IL, US
Bharat Prasad - San Antonio TX, US
Sharon Kay Haverlah - Bulverde TX, US

International Classification:

G06Q 50/18
G06F 16/23
H04L 9/32

Abstract:

Aspects of distributed ledger technology are leveraged to verify subrogation settlements. In particular, two parties to a subrogation claim provide cryptographic hashes to a subrogation demand smart contract stored at an address on a blockchain. The subrogation demand smart contract determines that the parties have reached an agreement by determining that the cryptographic hashes match. A settlement amount from the subrogation claim may be appended to a set of settlement amounts to determine a net settlement amount to facilitate a single payment between the parties on a periodic basis, such as daily, to alleviate the need for the parties to send or receive a payment for each individual settlement amount.

US Patent:

20220392004, Dec 8, 2022

Filed:

Nov 18, 2021

Appl. No.:

17/529983

Inventors:

- Bloomington IL, US
- San Antonio TX, US
Kyle D. Weber - Gilbert AZ, US
Edward Austin - Scottsdale AZ, US
William Guthrie - Mesa AZ, US
Dustin Helland - Morton IL, US
Bharat Prasad - San Antonio TX, US
Sharon Kay Haverlah - Bulverde TX, US

International Classification:

G06Q 50/18
G06F 16/23
H04L 9/32

Abstract:

Aspects of distributed ledger technology are leveraged to verify subrogation settlements. In particular, two parties to a subrogation claim provide cryptographic hashes to a subrogation demand smart contract stored at an address on a blockchain. The subrogation demand smart contract determines that the parties have reached an agreement by determining that the cryptographic hashes match. A settlement amount from the subrogation claim may be appended to a set of settlement amounts to determine a net settlement amount to facilitate a single payment between the parties on a periodic basis, such as daily, to alleviate the need for the parties to send or receive a payment for each individual settlement amount.