Eliminate the need for intermediaries, drastically reducing settlement time of cross-border transactions from days to seconds, reducing costs and risks. Issues such as transparency and traceability of international transfers can also be resolved thanks to blockchain.
Modernizing Trade Finance
The trade finance industry has been using an ineffective, antiquated paper-based system that is often prone to significant issues. A shared blockchain network that serves as a secure, fully-digital platform for only authorized parties optimizes operational procedures and transforms business operations.
P&C Insurance Claim Processing
Automate claims processing and securely facilitate claims management for property and casualty (P&C) insurers. Enterprise Ethereum smart contracts reduce the likelihood of fraudulent claims and speed up insurance claim assessments through historical data.