SYSTEMS AND METHODS FOR UPDATING AN INSURED LOSS HISTORY BLOCKCHAIN

1 . A computer-implemented method of utilizing blockchain technology to record loss history for an individual or an insured asset, the method comprising:

receiving, via one or more processors and/or associated transceivers, an indication that an insurance claim has been filed and information detailing the insurance claim, wherein the information detailing the insurance claim includes a photograph;

hashing, via the one or more processors, the photograph;

identifying and accessing, via the one or more processors, a loss history blockchain associated with the individual or the insured asset to identify a loss record corresponding to the individual or the insured asset, wherein the loss history blockchain is identified and accessed using an asset identifier that is a home tax parcel number, and wherein the accessing the loss history blockchain includes searching the loss history blockchain for a block which includes the asset identifier;

determining, via the one or more processors, that the asset identifier is not stored at a block of the loss history blockchain;

in response to the determination that the asset identifier is not stored at a block of the loss history blockchain: (i) generating, via the one or more processors, a claim record using the asset identifier, and (ii) adding, via the one or more processors, the asset identifier and the indication of the insurance claim to a transaction;

adding, via the one or more processors, the hash of the photograph to the transaction;

updating, via the one or more processors, a block to include the transaction; and

adding, via the one or more processors, the block to the loss history blockchain to facilitate maintaining up-to-date the loss history blockchain detailing the loss history associated with the individual or the insured asset.

2 . The computer-implemented method of claim 1 , wherein adding the block to the loss history blockchain includes:

forming, via the one or more processors, a consensus on the block with the plurality of nodes of the blockchain.

3 . The computer-implemented method of claim 1 , wherein updating the block includes:

creating, via the one or more processors, the block to be added to the loss history blockchain.

4 . The computer-implemented method of claim 1 , wherein updating the block includes:

adding, at a memory, the transaction using or including the information detailing the insurance claim to the block.

5 . The computer-implemented method of claim 1 , wherein the loss history blockchain is identified and accessed using an individual identifier.

6 . The computer-implemented method of claim 5 , wherein the individual identifier is a social security number, a name, or an insurance policy number.

7 - 8 . (canceled)

9 . The computer-implemented method of claim 1 , wherein the information detailing the insurance claim includes information identifying the insured, the insured asset, a policy number, an insurance provider, or an amount of damage.

10 . The computer-implemented method of claim 1 , further comprising:

solving, via the one or more processors, a cryptographic puzzle corresponding to the block; and

adding, via the one or more processors, the solution to the cryptographic puzzle to the block.

11 . A system for utilizing blockchain technology to record loss history for an individual or an insured asset, 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 system to:

receive an indication that an insurance claim has been filed and information detailing the insurance claim, wherein the information detailing the insurance claim includes a photograph;

hash the photograph;

identify and access a loss history blockchain associated with the individual or the insured asset to identify a loss record corresponding to the individual or the insured asset, wherein the loss history blockchain is identified and accessed using an asset identifier that is a home tax parcel number, and wherein the access of the loss history blockchain includes searching the loss history blockchain for a block which includes the asset identifier;

if the asset identifier is not stored at a block of the loss history blockchain: (i) generate a claim record using the asset identifier, and (ii) add the asset identifier and the indication of the insurance claim to a transaction;

add the indication of the insurance claim and the hash of the photograph to the transaction;

updating a block to include the transaction; and

add the block to the loss history blockchain to facilitate maintaining up-to-date the loss history blockchain detailing the loss history associated with the individual or the insured asset.

12 . The system of claim 11 , wherein to add the block to the loss history blockchain, the instructions, when executed by the processor, cause the system to:

form a consensus on the block with the plurality of nodes of the blockchain.

13 . The system of claim 11 , wherein to update the block, the instructions, when executed by the processor, cause the system to:

create the block to be added to the loss history blockchain.

14 . The system of claim 11 , wherein to update the block, the instructions, when executed by the processor, cause the system to:

add the transaction using or including the information detailing the insurance claim to the block.

15 . The system of claim 11 , wherein the loss history blockchain is identified and accessed using an individual identifier.

16 . The system of claim 15 , wherein the individual identifier is a social security number, a name, or an insurance policy number.

17 - 18 . (canceled)

19 . The system of claim 11 , wherein the information detailing the insurance claim includes information identifying the insured, the insured asset, a policy number, an insurance provider, or an amount of damage.

20 . The system of claim 11 , wherein the instructions, when executed by the processor, cause the system to:

solve a cryptographic puzzle corresponding to the block; and

add the solution to the cryptographic puzzle to the block.