Using a distributed ledger for tracking VIN recordkeeping
First Claim
1. A computer-implemented method for creating a distributed ledger of transactions pertaining to a vehicle, the method comprising:
- receiving, by one or more processors, vehicle data from one or more computing devices;
detecting, by the one or more processors, a vehicle-related event from analysis of the vehicle data, the vehicle-related event being that the vehicle is a new vehicle and the vehicle is being purchased;
identifying, by the one or more processors, a Vehicle Identification Number (VIN) of the vehicle when the vehicle-related event is detected;
identifying, by the one or more processors, a vehicle build when the vehicle-related event is detected;
receiving, by the one or more processors, an indication of vehicle financing covering the vehicle and an identification of a lender;
receiving, by the one or more processors, an indication of an insurance policy covering the vehicle and an identification of an insurer;
receiving, by the one or more processors, vehicle registration information for the vehicle from a department of motor vehicles;
creating, by the one or more processors, an initial distributed ledger for the vehicle that includes;
the VIN,a description of the vehicle build;
a description regarding a vehicle lien or loan;
a description regarding the insurance policy covering the vehicle, and an identification of the insurer;
a name and address of a new owner; and
an indication that the vehicle is registered; and
transmitting, from one or more processors to a server, the initial distributed ledger created associated with the vehicle to facilitate maintaining a VIN-based distributed ledger for the vehicle.
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Abstract
Systems and methods are disclosed for creating, maintaining, and interacting with a distributed ledger for VIN recordkeeping related to a particular vehicle. The systems and methods include the use of smart contracts, and receiving information about the vehicle, such as a description of the vehicle, whether the vehicle is covered by insurance, financial information related to the vehicle, and any maintenance data about the vehicle. This information may be used to create a distributed ledger for the particular vehicle, and during the vehicle'"'"'s lifetime events related to the vehicle may be recorded in the distributed ledger.
49 Citations
16 Claims
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1. A computer-implemented method for creating a distributed ledger of transactions pertaining to a vehicle, the method comprising:
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receiving, by one or more processors, vehicle data from one or more computing devices; detecting, by the one or more processors, a vehicle-related event from analysis of the vehicle data, the vehicle-related event being that the vehicle is a new vehicle and the vehicle is being purchased; identifying, by the one or more processors, a Vehicle Identification Number (VIN) of the vehicle when the vehicle-related event is detected; identifying, by the one or more processors, a vehicle build when the vehicle-related event is detected; receiving, by the one or more processors, an indication of vehicle financing covering the vehicle and an identification of a lender; receiving, by the one or more processors, an indication of an insurance policy covering the vehicle and an identification of an insurer; receiving, by the one or more processors, vehicle registration information for the vehicle from a department of motor vehicles; creating, by the one or more processors, an initial distributed ledger for the vehicle that includes; the VIN, a description of the vehicle build; a description regarding a vehicle lien or loan; a description regarding the insurance policy covering the vehicle, and an identification of the insurer; a name and address of a new owner; and an indication that the vehicle is registered; and transmitting, from one or more processors to a server, the initial distributed ledger created associated with the vehicle to facilitate maintaining a VIN-based distributed ledger for the vehicle. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A computer system configured for creating a distributed ledger of transactions pertaining to a vehicle, the computer system comprising one or more processors, sensors, servers, and transceivers configured to:
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receive vehicle data from one or more computing devices; detect a change in a condition of the vehicle from analysis of the vehicle data, the change in the condition of the vehicle being that the vehicle is a new vehicle and the vehicle is being purchased by an initial consumer; identify a Vehicle Identification Number (VIN) of the vehicle when the change in a condition of the vehicle is detected; identify a vehicle build for the vehicle when the change in a condition of the vehicle is detected; receive an indication of a vehicle lien covering the vehicle and an identification of a lender; receive an indication of an insurance policy covering the vehicle and an identification of an insurer; receive vehicle registration information for the vehicle from a department of motor vehicles; create an initial distributed ledger for the vehicle that includes; the VIN, a description of the vehicle build; a description or details regarding the vehicle lien or loan; a description or details regarding the insurance policy covering the vehicle, and an identification of the insurer; a name and address of a new owner; and an indication that the vehicle is registered; and transmit the initial distributed ledger created associated with vehicle to facilitate maintaining a VIN-based distributed ledger for the vehicle. - View Dependent Claims (13, 14, 15, 16)
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Specification