To integrate all the disconnected/independent systems such as blood bank, blood testing DB, blood screening DB, Donors details and medical history, EMR, Hospital systems, Laboratory systems into one permissioned blockchain based platform
To categorize and grade the blood banks using a scoring system, for implementation of phased quality improvement systems.To provide evidence for the formulation of evidence-based policies and programs for blood transfusion services in India. To develop an updated database with basic essential details of blood banks in the country.To have an AI based evaluation and predictive analysis methodology which can be automatically executed.Eliminate manual process, outdated communication channels and provide an automated process for execution and communication.
Most of the underwriters struggle with the current inefficiencies in the system.Over half of underwriters work with four or more systems in the underwriting process and many spend the bulk of their time on tasks unrelated to underwriting.
Smart contracts for automating the underwriting of policies and claims handling combined with approvals / verifications from other policyholders, who serve the role of evaluator.
Reduced application fraud by identifying non-disclosed claims early, which otherwise could add to loss ratios, impacting your book of business.
Requirement for verification of the data shared and updated between multiple parties.Intermediaries add cost and complexity and the transaction interactions are time sensitive.Integration with trusted Data Sources eliminate some of the review steps.
Streamlined transfer and visibility of information from insured till insured.usiness rules in Smart Contracts eliminates some of the processing procedures required by Adjusters
Removal of 'central authority' record keeper intermediaries have the potential to reduce cost and complexity (e.g. multiple reconciliations).Reduced delay has business benefits such as reduced settlement risk, enhanced liquidity.