STATE FARM

BLOOMINGTON, ILLINOIS

For insurers resolving claims, the process of subrogation—that is, determining which policy and insurer is ultimately responsible for paying which claim—can take months. State Farm and insurer USAA used to mail each other an average of more than 200 checks a day. But since they began using the Subrogation Net Settlement blockchain last year, the number of checks exchanged has been reduced by 80%.

BLOCKCHAIN PLATFORMS: Quorum, Ethereum