Systems and Methods for Controlled Access to Blockchain Data

ALEXANDRIA, Virginia, Nov. 30 -- STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY, Bloomington, Illinois has been assigned a patent (No. US 11514176 B1, initially filed June 29, 2020) developed by fourteen inventors Melinda Teresa Magerkurth, Utica, Illinois; Eric Bellas, Bloomington, Illinois; Jaime Skaggs, Chenoa, Illinois; Shawn M. Call, Bloomington, Illinois; Eric R. Moore, Heyworth, Illinois; Vicki King, Bloomington, Illinois; Burton J. Floyd, Mackinaw, Illinois; David Turrentine, Normal, Illinois; Steven T. Olson, Bloomington, Illinois; Timothy Caleb Wells, Bloomington, Illinois; Corin Rebekah Chapman, Bloomington, Illinois; Edward W. Breitweiser, Bloomington, Illinois; Robert Gomez, Bloomington, Illinois; and Shelia Cummings Smith, Bloomington, Illinois, for "Systems and methods for controlled access to blockchain data."

Methods and systems for managing and/or processing a blockchain to maintain data security for confidential and/or personal data are provided. According to certain aspects, the disclosed data security techniques may enable access sharing functionality utilizing the blockchain. For example, access sharing may be utilized to file documents, share policy information, and/or comply with an audit. The data security techniques disclosed herein also enable the use of smart contracts to transfer funds associated with payment obligations and/or other forms of blockchain based payments, comply with anti-money laundering requirements, report industry data, validate interest payments and/or maintain agent sales data. Data security may be achieved through the use of public key/private key encryption techniques.