Indelible provenance and single truth in chain of custody and ownership in asset life-cycle. Accurate asset valuation. Elimination of double spend. Access to line of credit and improved working capital as a result of credit worthiness, payment of debt, and accurate asset valuation. Improved cash flow from single shared ledger of data and document movement. Improved risk management and underwriting resulting in lowered insurance and claims. Lowering of compliance costs. Improved ethical practices and regulatory compliance. Mitigation of money laundering and terrorist activities.
Eliminate missing agent identities, records, and on-boarding data. Assurance of license requirements. Lowering of regulatory compliance costs and mitigation of penalty risks. Elimination on double spend and payouts. Single source of truth in policy issuance, agent commission reconciliation and settlements. Improved analytics including working capital and revenue projections to all parties.
Digital Twin Labs provided the education, strategy definition, use case analysis and design, and Blockchain platform selection – engaged at Business xVP, senior technical executives, and supply operations.