Distributed ledger system for insurance record management systems

A computer-implemented method for managing insurance records for policies for individuals, the method comprising:

• implementing a plurality of servers, each of the plurality of servers maintaining a copy of a distributed ledger;
• when an insurance policy is created for a given individual, storing to the distributed ledger a transaction record representing the created insurance policy, including a policy number and a coverage amount for the created insurance policy, wherein storing the transaction record includes:
• (i) generating, at a first server from the plurality of servers, the transaction record representing the created insurance policy;
• (ii) proposing the transaction record to one or more other servers from the plurality of servers;
• (iii) performing, via the plurality of servers, a consensus analysis of the transaction record utilizing a consensus mechanism;
• and
• (iv) when the consensus analysis indicates that the plurality of servers have formed a consensus, storing the transaction record at the distributed ledger by storing the transaction record to each copy of the distributed ledger at the plurality of servers;
• receiving, at the plurality of servers, an electronic message including a request for a verification regarding whether or not an individual of interest is insured;
• responding, via the plurality of servers, to the request for the verification by:
• (i) determining that the individual of interest is the given individual and (ii) detecting that the distributed ledger includes one or more transaction records representing one or more insurance policies for the given individual;
• and
• responding to detecting that the distributed ledger includes one or more transaction records representing one or more insurance policies for the given individual, including:
• (a) generating the verification by retrieving from the distributed ledger all of the one or more transaction records, including the transaction record representing the created insurance policy, and (b) generating a summary of all of the one or more insurance policies represented by the retrieved one or more transaction records, wherein the summary includes the policy number for the created insurance policy.