State Farm Mutual Automobile Insurance had 18 patents in robotics during Q4 2023. State Farm Mutual Automobile Insurance Co has filed patents for methods and systems related to maintaining a distributed ledger for autonomous vehicles and smart contracts, remote control of autonomous vehicles, scheduling recharging appointments for electric vehicles, autonomous navigation in non-standard traffic flows, and generating inventory lists of personal belongings using LIDAR data. GlobalData’s report on State Farm Mutual Automobile Insurance gives a 360-degreee view of the company including its patenting strategy. Buy the report here.
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State Farm Mutual Automobile Insurance grant share with robotics as a theme is 38% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Systems and methods for maintaining a distributed ledger of transactions pertaining to an autonomous vehicle (Patent ID: US20230377049A1)
The patent filed by State Farm Mutual Automobile Insurance Co. describes methods and systems for maintaining a distributed ledger or blockchain of transactions and events related to autonomous vehicles and smart contracts. The system involves monitoring sensors on autonomous vehicles to detect changes in vehicle conditions, generating transactions based on these changes, and updating a ledger through an enforcement server to keep track of vehicle and smart contract activities. The patent also covers scenarios like detecting collisions, analyzing fault in accidents, and associating trigger conditions with sensor data to enhance monitoring capabilities.
The patent claims detail a computer-implemented method for maintaining a distributed ledger of autonomous vehicle transactions, including identifying smart contracts, detecting collisions, and updating the ledger accordingly. It also involves receiving subscription requests, analyzing sensor data to determine fault in accidents, and associating trigger conditions with sensor outputs. The patent further extends to a computer system on-board autonomous vehicles that can communicate with the ledger, receive subscription requests, and analyze sensor data to generate and update collision-related transactions. Additionally, the patent covers a non-transitory computer-readable storage medium storing instructions for monitoring sensors, identifying smart contracts, detecting collisions, and updating the ledger, along with functionalities like receiving subscription requests and analyzing fault in accidents.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
