Using a Distributed Ledger for Line Item Determination

A computer-implemented method for interacting with a distributed ledger maintained by a plurality of participants, the method comprising:

• receiving, at one or more processors, a disputed line item transaction related to a subrogation claim from at least one other participant in the distributed ledger network, wherein the disputed line item transaction includes a disputed line items dataset generated by comparing a set of line items to a baseline dataset, and wherein the baseline dataset is:
• (i) a dataset containing suggested ranges for damages amounts and costs for services rendered, and (ii) maintained by an insurance arbitrator that is a participant of the plurality of participants that maintains the distributed ledger;
• analyzing, at the one or more processors, the disputed line item transaction;
• generating, at the one or more processors, a confirmation transaction including a consent dataset related to the disputed line items;
• and
• transmitting, at the one or more processors, the confirmation transaction to a smart contract stored on the distributed ledger, wherein the smart contract includes a flag indicating whether a party to the subrogation claim accepts evidence in the smart contract as representative of damages owed by a subrogation defendant.

A computer system for interacting with a distributed ledger, 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 processor to:
• receive a transaction from at least one other participant in the distributed ledger network;
• analyze the transaction to determine a set of line items related to a subrogation claim;
• compare the set of line items to a baseline dataset, wherein the baseline dataset is:
• (i) a dataset containing suggested ranges for damages amounts and costs for services rendered, and (ii) maintained by an insurance arbitrator that is a participant of the plurality of participants that maintains the distributed ledger;
• generate a transaction including a disputed line items dataset based upon the comparison of the set of line items to the baseline set;
• and
• transmit the transaction including the disputed line items dataset to a smart contract stored on the distributed ledger, wherein the smart contract includes a flag indicating whether a party to the subrogation claim accepts evidence in the smart contract as representative of damages owed by a subrogation defendant.