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It provides the foundation for a multiparty communication network that allows secure, transparent and near real time exchange of information

It provides a democratized ecosystem that allows multiparty validation of claims and automates triage among insurers and market agents

It provides a shared ledger to record claims lifecycle that is transparent, always available and irrefutable to both the insurers after a claim has been submitted

Provides a consistent source of data that enables insurer and TPA to monitor claims, resolve disputes, and generate statistical/historical reports

Provides transparent, irrefutable and immutable log of records for statutory reporting. Smart contract driven enforcement of regulatory requirements and exception even log generation