EVIDENCE ORACLES
Systems and methods are disclosed with respect to using a blockchain for managing the subrogation claim process related to a vehicle collision, in particular, utilizing evidence oracles as part of the subrogation process. An exemplary embodiment includes receiving recorded data from one or more connected devices at a geographic location; analyzing the recorded data, wherein analyzing the recorded data includes determining that an collision has occurred involving one or more vehicles; generating a transaction including the data indicative of the collision based upon the analysis; and transmitting the transaction to at least one other participant in the distributed ledger network.
1 . A computer-implemented method for interacting with a distributed ledger maintained by a plurality of participants, the computer-implemented method comprising:
identifying, at one or more processors, a subrogation ID in a transaction;
validating, at the one or more processors, the subrogation ID;
transmitting, at the one or more processors, a transaction including a recommended subrogation resolution to a smart contract stored on the distributed ledger; and
identifying a subrogation claimant with a first cryptographic public key, and identifying a subrogation defendant with a second cryptographic public key; and, subsequently, sending data including a message signed by private keys corresponding to the first and second public keys identifying the subrogation claimant and the subrogation defendant in the smart contract.
2 . The computer-implemented method of claim 1 , wherein the smart contract is configured to include a flag indicating that damages for a subrogation claim have been accepted.
3 . The computer-implemented method of claim 1 , further including:
analyzing, at the one or more processors, damages data contained in the transaction; and
analyzing, at the one or more processors, services rendered data contained in the transaction.
4 . The computer-implemented method of claim 1 , further including generating the recommended subrogation resolution.
5 . The computer-implemented method of claim 1 , further including generating the recommended subrogation resolution by:
comparing, at the one or more processors, damages data and services rendered data to a historical dataset for damages data and services rendered data; and
identifying, at the one or more processors, similarities and differences between the datasets.
6 . The computer-implemented method of claim 1 , further comprising:
adding, at the one or more processors, the transaction to a block of transactions;
solving, at the one or more processors, a cryptographic puzzle based upon the block of transactions;
adding, at the one or more processors, the solution to the cryptographic puzzle to the block of transactions; and
transmitting, at the one or more processors, the block of transactions to at least one other participant in the distributed ledger.
7 . The computer-implemented method of claim 1 , wherein the claimant and defendant generate the public and private keys offline, and only the public keys are provided to other network participants.
8 . A computer device for interacting with a distributed ledger maintained by a plurality of participants, the computer device comprising one or more processors configured to:
identify a subrogation ID in a transaction;
validate the subrogation ID;
transmit a transaction including a recommended subrogation resolution to a smart contract stored on the distributed ledger; and
identify a subrogation claimant with a first cryptographic public key, and identify a subrogation defendant with a second cryptographic public key; and, subsequently, send data including a message signed by private keys corresponding to the first and second public keys identifying the subrogation claimant and the subrogation defendant in the smart contract.
9 . The computer device of claim 8 , wherein the smart contract is configured to include a flag indicating that damages for a subrogation claim have been accepted.
10 . The computer device of claim 8 , wherein the one or more processors are further configured to:
analyze damages data contained in the transaction; and
analyze services rendered data contained in the transaction.
11 . The computer device of claim 8 , wherein the one or more processors are further configured to generate the recommended subrogation resolution by:
executing a machine learning algorithm using damages data and services rendered data included in the transaction.
12 . The computer device of claim 8 , wherein the one or more processors are further configured to generate the recommended subrogation resolution by:
comparing damages data and services rendered data to a historical dataset for damages data and services rendered data; and
identifying similarities and differences between the datasets.
13 . The computer device of claim 8 , wherein the one or more processors are further configured to generate the public and private keys offline, and provide only the public keys to other network participants.
14 . A computer system for interacting with a distributed ledger, the system comprising:
a network interface configured to interface with one or more processors;
a memory configured to store non-transitory computer executable instructions and configured to interface with the one or more processors; and
the one or more processors configured to interface with the memory, wherein the one or more processors are configured to execute the non-transitory computer executable instructions to cause the one or more processors to:
identify a subrogation ID in a transaction;
validate the subrogation ID;
transmit a transaction including a recommended subrogation resolution to a smart contract stored on the distributed ledger; and
identify a subrogation claimant with a first cryptographic public key, and identify a subrogation defendant with a second cryptographic public key; and, subsequently, send data including a message signed by private keys corresponding to the first and second public keys identifying the subrogation claimant and the subrogation defendant in the smart contract.
15 . The computer system of claim 14 , wherein the smart contract is configured to include a flag indicating that damages for a subrogation claim have been accepted.
16 . The computer system of claim 14 , wherein the smart contract is configured to include a flag indicating that evidence corresponding to a subrogation claim has been accepted.
17 . The computer system of claim 14 , wherein the one or more processors are further configured to execute the non-transitory computer executable instructions to cause the one or more processors to:
analyze damages data contained in the transaction; and
analyze services rendered data contained in the transaction.
18 . The computer system of claim 14 , wherein the one or more processors are further configured to execute the non-transitory computer executable instructions to cause the one or more processors to generate the recommended subrogation resolution by:
executing a machine learning algorithm using damages data and services rendered data included in the transaction.
19 . The computer system of claim 14 , wherein the one or more processors are further configured to execute the non-transitory computer executable instructions to cause the one or more processors to generate the recommended subrogation resolution by:
comparing damages data and services rendered data to a historical dataset for damages data and services rendered data; and
identifying similarities and differences between the datasets.
20 . The computer system of claim 14 , wherein the one or more processors are further configured to execute the non-transitory computer executable instructions to cause the one or more processors to:
generate the public and private keys offline, and provide only the public keys to other network participants.