US 12,657,585 B2 · Blockchain based account activation

Blockchain based account activation

AssigneeState Farm Mutual Automobile Insurance Company

InventorsJacob J. Alt, Eric Bellas, Jaime Skaggs, Shawn M. Call, Melinda Teresa Magerkurth, Vicki King, Charles H. Roscow, Scott Shoop, Greg Hayes, Robert Alpine Jennings, Amber Nelson-Wolfe, Shyam Tummala

Life of this patent

Estimating the term…

Abstract

The present methods and systems relate to using and accessing data stored in a blockchain, and in particular, interacting with the blockchain and users to provide bank card activation services using smart contracts. The methods and systems include (1) receiving a credit card application package associated with a credit card, wherein the credit card application package includes credit card information and a set of user information, (2) verifying the credit card information and the set of user information, (3) checking the credit card information and the set of user information against the smart contract stored on the blockchain, wherein the smart contract includes a set of conditions, and (4) activating the credit card when the credit card information and the set of user information satisfy the set of conditions stored in the smart contract.

Claims20

Dependent claims

A computer-implemented method for activation of a credit card using a smart contract stored on a blockchain maintained by a plurality of participants, the method comprising:

determining, via one or more processors, that credit card information and a set of user information satisfy a set of conditions stored in the smart contract;
in response to the determination that the that the credit card information and the set of user information satisfy the set of conditions stored in the smart contract, activating, via the one or more processors, the credit card;
generating, via the one or more processors, a transaction including data indicating that the credit card has been activated;
generating, via the one or more processors, based upon a cryptographic hash function, a hash value for the generated transaction including data indicating that the credit card has been activated;
and
cryptographically linking, via the one or more processors, a new block to the blockchain based upon the hash value.

3 more elements

A computer system for activation of a credit card using a smart contract stored on a blockchain maintained by a plurality of participants, the computer system comprising:

one or more non-transitory memories configured to store computer-executable instructions;
and
one or more processors configured to interface with the one or more non-transitory memories, wherein the one or more processors are configured to execute the computer-executable instructions to cause the one or more processors to:
determine that credit card information and a set of user information satisfy a set of conditions stored in the smart contract;
in response to the determination that the that the credit card information and the set of user information satisfy the set of conditions stored in the smart contract, activate the credit card;
generate a transaction including data indicating that the credit card has been activated;
generate based upon a cryptographic hash function, a hash value for the generated transaction including data indicating that the credit card has been activated;
and
cryptographically link a new block to the blockchain based upon the hash value.

6 more elements

Dependencies are inferred from the claim text.

Facts

Application

18/739,706Filed 11 Jun 2024 · continuation

Priority

25 Jan 2017

Published

US 2024/0330928 A13 Oct 2024

Granted

16 Jun 2026

Term ends

Not estimatedThe source records don’t support an estimate.

Classification19 codes

G06Q 20/401
Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check…:…
G06F 21/105
Protecting distributed programs or content, e.g. vending or licensing of copyrighted material ; Digital rights management [DRM]: arrangements for…
G06F 21/64
Protecting data: protecting data integrity, e.g. using checksums, certificates or signatures
G06F 21/645
Protecting data integrity, e.g. using checksums, certificates or signatures: using a third party

Family

Application62/450,441Us provisional application · filed 25 Jan 2017

Application62/520,401Us provisional application · filed 15 Jun 2017

Application62/520,376Us provisional application · filed 15 Jun 2017

Application62/520,708Us provisional application · filed 16 Jun 2017

Application62/520,648Us provisional application · filed 16 Jun 2017

Application62/523,523Us provisional application · filed 22 Jun 2017

Application62/528,806Us provisional application · filed 5 Jul 2017

Application62/528,791Us provisional application · filed 5 Jul 2017

Application62/532,072Us provisional application · filed 13 Jul 2017

Application62/532,102Us provisional application · filed 13 Jul 2017

Application62/532,089Us provisional application · filed 13 Jul 2017

Application15/878,007Parent of this continuation · filed 23 Jan 2018

Application16/895,797Parent of this continuation · filed 8 Jun 2020

US 10,861,015 B1Parent of this continuation · filed 10 Nov 2020

Application17/198,687Parent of this continuation · filed 11 Mar 2021

US 11,429,969 B1Parent of this continuation · filed 30 Aug 2022

US 2024/0330928 A1Pre-grant publication · published 3 Oct 2024

US 12,039,534 B2Parent of this continuation

US 10,832,242 B1Related patent

US 2021/0201315 A1Published application

US 12,657,585 B2This patent

From the US filing history. Foreign family members aren’t listed.