Innovative Solution with Blockchain Back to Exhibitor Page
Blockchain has been successful in reducing costs of supply chain. It will eliminate manual keeping of paper records by providing digitally signed contracts with encrypted storage and transmission. Data immutability can help in easy auditing and hence reduce regulatory compliance costs. Blockchain based digital certificates ensures validation, ownership. Shared Permissioned Blockchain with identity validation increases dependability. Thus, Blockchain with its characteristics and various use cases in Operations Management improves the supply chain parameters like cost reduction increased speed, dependability and increased risk reduction.
The solution we offer; Under the heading of digitization in financial services, "removing the consumer information security concern by using blockchain encryption" is a project of encrypting and storing personal data using blockchain infrastructure for the Insurance Sector.