RAPID SETTLE


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AI based evaluation and predictive analysis methodology which can be automatically executed.Eliminate manual process, outdated communication channels and provide an automated process for execution and communication.



Automate policies issuances with smart and intelligent contracts


OPPORTUNITIES

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.

SOLUTIONS

Smart contracts for automating the underwriting of policies and claims handling combined with approvals / verifications from other policyholders, who serve the role of evaluator.

RESULTS

Reduced application fraud by identifying non-disclosed claims early, which otherwise could add to loss ratios, impacting your book of business.




Validate, safeguard and preserve the claims and settlement transactions with smart contracts


OPPORTUNITIES

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.

SOLUTIONS

Streamlined transfer and visibility of information from insured till insured.usiness rules in Smart Contracts eliminates some of the processing procedures required by Adjusters

RESULTS

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.




Current state



Proposed state