Systems and methods for updating a loss history blockchain

A system for tracking a vehicle loss history, corresponding to a vehicle, stored on a loss history blockchain maintained by a plurality of participants, the system comprising:

• a network interface configured to interface with a processor;
• a memory configured to store non-transitory computer executable instructions and configured to interface with the processor;
• and
• the processor configured to interface with the memory, wherein the processor is configured to execute the non-transitory computer executable instructions to cause the system to:
• receive a vehicle loss notification from at least a first participant, wherein the vehicle loss notification comprises vehicle sensor data received from vehicle-mounted sensors, a vehicle identifier, a driver identifier, insurance claim information, an insurance policy number, and/or a vehicle loss report,
• wherein the vehicle loss notification has a cryptographic key pair associated therewith;
• verify, at the processor, a cryptographic key of the cryptographic key pair applied to the vehicle loss notification;
• generate based upon the vehicle sensor data in the vehicle loss notification, a vehicle collision reconstruction;
• determine, based upon the vehicle collision reconstruction, that one of the vehicle-mounted sensors is faulty;
• assign, based upon the vehicle sensor data, a fault for a loss associated with the vehicle loss notification;
• access the loss history blockchain using the vehicle identifier and/or the vehicle loss notification;
• updating, a block stored at the memory using the determination that one of the vehicle-mounted sensors is faulty, assigned fault, the vehicle identifier, the driver identifier, and the insurance claim information, and/or vehicle loss report;
• and
• broadcast the block to at least a second participant to facilitate maintaining up-to-date the loss history blockchain