StateFarm

Basics

• From Forbes Blockchain 50 (Apr 16, 2019):

"The insurer has devoted 11 members of its Research, Experiment & Deploy (RED) Labs in Bloomington to developing a blockchain that could speed up the now painfully slow process by which insurers pay claims to policyholders and then seek partial reimbursement from other insurers involved with the claim. State Farm is working on an application that could speed up this claims dance. Full profile"

Main Links

• Has said it will use/build on Ethereum, Quorum, Hyperledger Fabric and Corda. Update: as of 2-2-2021, Corda and Hyperledger are not mentioned anymore.

Current employees

• Key leader: Mike Fields, innovation executive at State Farm RED Labs (2019 & 2021)