Systems and methods for updating an insured loss history blockchain

A computer-implemented method of utilizing blockchain technology to record loss history for an individual or an insured asset, the method comprising:

• receiving, via one or more processors and/or associated transceivers, an indication that an insurance claim has been filed and information detailing the insurance claim, wherein the information detailing the insurance claim includes a photograph;
• hashing, via the one or more processors, the photograph;
• identifying and accessing, via the one or more processors, a loss history blockchain associated with the individual or the insured asset to identify a loss record corresponding to the individual or the insured asset, wherein the loss history blockchain is identified and accessed using an asset identifier that is a home tax parcel number, and wherein the accessing the loss history blockchain includes searching the loss history blockchain for a block which includes the asset identifier;
• determining, via the one or more processors, that the asset identifier is not stored at a block of the loss history blockchain;
• in response to the determination that the asset identifier is not stored at a block of the loss history blockchain:
• (i) generating, via the one or more processors, a claim record using the asset identifier, and (ii) adding, via the one or more processors, the asset identifier and the indication of the insurance claim to a transaction;
• adding, via the one or more processors, the hash of the photograph to the transaction;
• updating, via the one or more processors, a block to include the transaction;
• and
• adding, via the one or more processors, the block to the loss history blockchain to facilitate maintaining up-to-date the loss history blockchain detailing the loss history associated with the individual or the insured asset.