Claim Settlement
Blockchain-based Claim Settlement
Whether it is financial service or insurance industry, transaction settlement has been far from easy. A lack of transparency, elaborate ways to store and reconcile information, human-errors, and forgery compound these challenges.
Validating claim documents and evidences involves intermediaries, which makes the overall process time-consuming and costly.
Solution Need
Organizations require secure ways to record their daily transactions and manage information flows among ecosystem participants. They need to focus on untampered information exchange to reduce fraud, manipulations, and losses to gain customer trust by swifter settlements.
Features
Instant settlements using smart contracts
Compliance ready and secure with distributed ledger
AI & ML-powered data analytics
Benefits
Swifter claim settlement enhance customer experience
Reduces administrative costs by automating processes
Increases efficiency and adaptability
Technology Stack
R3 Corda, Java, Node Js, Mongodb, Angular