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iXledger – Peer to Peer Blockchain-based Insurance Solutions

Blockchain is a radical new technology that creates a distributed ledger that is verifiable between two parties and does not require an intermediate third party. It is quickly having a profound impact on a number of industries, especially in finance and healthcare. In fact, the first killer application of the blockchain was Bitcoin, a digital…

The post iXledger – Peer to Peer Blockchain-based Insurance Solutions appeared first on Blockchain Healthcare Review.

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Blockchain is a radical new technology that creates a distributed ledger that is verifiable between two parties and does not require an intermediate third party. It is quickly having a profound impact on a number of industries, especially in finance and healthcare. In fact, the first killer application of the blockchain was Bitcoin, a digital money. Healthcare insurance is a logical next step because it combines the properties of verifiable financial transactions, and the intense demand for solutions in this sector. Fortunately, iXledger has emerged to create a new platform for consumer health insurance on the blockchain. The firm has created a substantial new system that could be a game changer.

ixledger

iXledger serves primarily as a transparent platform for buying insurance and verifying insurance information. For consumers, the blockchain record is an extremely useful feature that has no comparison. This platform allows others to use the blockchain to verify all of your insurance information including:

  • Name of the Insured Person, Group or Asset
  • The insurance company registration number
  • Registered insurance products
  • Policy inception date
  • Policy status

This data, which the user will have complete discretion over, is instrumental and is commonly required. However, most people were not able to easily prove their status in the past without having a inconvenient and unreliable card.

The process is fairly simple. The user first signs up and completes an assessment of what they need. They include all of their background information and finally submit it for various insurance offers. The client receives quotes and chooses the one that most fits their needs. They finally make the payment and complete the order. The insurance policy is now in place.

Potential Adopters

Accessing Medical Care

First and foremost, iXledger’s primary benefit is for individuals to easily prove acquire and demonstrate electronically that they have insurance as soon as they enter a medical clinic. When they walk in, they can produce the QR code or iXledger link that proves the insurance they already have. The clinic simply scans the code or clicks the link and receives the 100% proof of the insured contract.

The patient is no longer sitting and waiting to see if the clinic can find the healthcare or if it meets the standards. All of that information is already stored and ready for delivery. That reduces stress, smooths the payment process and makes life easier for everyone.

Home Refinancing

Many consumers seek to refinance their homes. However, in order to get a great rate and convince the bank they are worthy borrower, they must prove they have sufficient insurance in case anything happens. The iXledger platform quickly proves this insurance coverage. Consumers do not have to go back and forth between the bank and insurance firm with different documents. Rather, they can simply point to the iXledger platform for all of the data required.

Professional Driver Applicant

There are millions of professional drivers around the world. These individuals drive cabs, buses, private cars, trucks, motorcycles and many other types of vehicles. However, when they are applying for a new job, the hiring manager often wants to see that the vehicle is insured for cargo. At the very least, every person needs to be insured for accidents.

Using iXledger, drivers can simply point their potential employers or contractors to the site. All of the data will be there and will be completely fraud-proof. Employers will have more confidence in their drivers and will be more willing to hire them quickly.

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Source: https://blockchainhealthcarereview.com/ixledger-peer-to-peer-blockchain-based-insurance-solutions/

Blockchain

SingularityNET Partners With Ocean Protocol Prior to the AI-Based DeFi Fund Launch

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[Press Release – Amsterdam, Netherlands, 18th May 2021]

SingularityNET’s first DeFi spin-off project, SingularityDAO, is announcing today their partnership with leading decentralized data provider Ocean Protocol.

The collaboration will see the OCEAN token’s inclusion in SingularityDAO’s index fund/investment portfolio. Moreover, SingularityDAO is designed to leverage AI at multiple levels: AI manages dynamic token-sets, executes predictive market-making strategies to provide liquidity for these token-sets on DEXs, and predictively models hedging strategies.

All this AI requires a lot of data to learn and improve, which is why SingularityDAO is a natural user of Ocean data sets – data sets published via Ocean Market (and other Ocean-based markets) into the Ocean ecosystem. The Ocean ecosystem is host to many diverse and varied trading and DeFi data sets. These make excellent candidates for consumption by SingularityDAO’s AI agents to enhance its financial modeling.

I’m really excited by the opportunity to work together with Ocean Protocol, one of the most respectable projects in crypto that has been constantly delivering community-driven, decentralized data solutions. SingularityDAO will constantly make use of data to train our ML and I can’t think of a better partner than Ocean Protocol. – Marcello Mari, CEO at SingularityDAO

The news follows the successful completion of a total of $5.2 million raised in three different rounds for the highly anticipated Governance Generation Event on MANTRADAO, which reached its hard cap within less than 2½ hours.

The protocol, described as ‘DeFi meets decentralized AI,’ held the event exclusively for SingularityNET $AGI holders and attracted 5,800 registrations in one week. The token sale raised $1.6 million (8,000,000 SDAO).
The successful Governance Generation Event follows a recent private sale wherein SingularityDAO raised $2.7 million of funding from a number of top-tier investors such as AlphaBit, Marshland Capita, GBV, and SMO Capital. SingulariyDAO’s governance token has been generated on May 13th and distributed on the same day. It is currently trading on Uniswap.

About SingularityDAO

SingularityDAO is a decentralized platform, governed by the SDAO token, tasked with governing DynaSets. DynaSets are diversified baskets of cryptocurrency assets dynamically managed by AI and curated by the protocol. SingularityDAO brings the financial sophistication of AI-managed funds to DeFi, deploying SingularityNET’s AI technology to navigate complex markets.

About Ocean Protocol

Ocean Protocol’s mission is to kickstart a Web3 Data Economy that reaches the world, giving power back to data owners and enabling people to capture value from data to better our world.
Data is a new asset class; Ocean Protocol unlocks its value. Data owners and consumers use the Ocean Market app to publish, discover, and consume data assets in a secure, privacy-preserving fashion.

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Source: https://cryptopotato.com/singularitynet-partners-with-ocean-protocol-prior-to-the-ai-based-defi-fund-launch/

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Blockchain

Bought the Dip? MicroStrategy Purchased $10M in Bitcoin at $43.6K

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Michael Saylor’s NASDAQ-listed company continues with its initiative to purchase sizeable amounts of bitcoins at frequent intervals. The firm said earlier today it had allocated another $10 million in cash in BTC, and its total stash is over 92,000 coins.

  • The founder and CEO of the business intelligence giant announced the latest purchase on Twitter earlier on May 12th.
  • It reads that the firm has bought 229 bitcoins for $10 million in cash at an average price of $43,663 per coin.
  • Keeping in mind the multiple purchases made since August 2020, the firm holds 92,079 bitcoins. MicroStrategy has paid $2.251 billion for its stash, with an average price of $24,450 per token.
  • Although this is far from being the largest single acquisition, as the company once bought more than $1 billion worth of BTC, this one actually comes in a compelling moment.
  • In fact, buying 10 million coins at an average price of $43,663 means that MicroStrategy has taken advantage of a popular narrative in the crypto community – buy the dip.
  • The price of the primary cryptocurrency has suffered severely in the past week or so after Elon Musk announced that Tesla has stopped receiving BTC payments for its electric vehicles.
  • In a matter of days, bitcoin fell from over $58,000 to a three-month low of $42,000.
  • Although losing $16,000 of value in less than a week could be considered a major blow, and some investors disposed of their coins even at a loss, MicroStrategy has reaffirmed its promise to continue buying bitcoin as part of its reserve treasury strategy.
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Source: https://cryptopotato.com/bought-the-dip-microstrategy-purchased-10m-in-bitcoin-at-43-6k/

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Blockchain

JPMorgan’s Securities Services to Offer TradingHub’s Analytics Solutions

The Bank is planning to offer trading analytics solutions to its buy-side clients.

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TradingHub, a trade analytics services provider to the global financial markets industry, today announced that JPMorgan, one of the leading investment banks worldwide, will offer TradingHub’s trading analytics solutions to its institutional clients.

According to the official announcement, JPMorgan’s new offering will include TradingHub’s Transaction Efficiency and Accuracy Monitor (TEAM) solution. TradingHub is currently providing trade analytics services to several investment banks and investment management firms worldwide.

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TEAM is a new tool by TradingHub that enables financial services companies around the world to evaluate execution costs at the order, trade, instrument, or asset class-level, and compare against peers on an anonymized basis.

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Commenting on the latest announcement, Neil Walker, Chief Executive and Founder of TradingHub, said: “We are delighted JPMorgan has identified TEAM as a highly novel and valuable product and is giving its clients access to our market-leading trade execution analytics service. This important relationship with JPMorgan will give more asset managers access to our services in a seamless and efficient manner via its open platform.”

JPMorgan has accelerated its global partnerships since the start of 2021. The US-based financial services provider recently partnered with Singapore’s DBS Bank and Temasek to develop a new blockchain-based platform for cross-border payments.

Transparency

TradingHub mentioned in the latest announcement that the main focus of TEAM is to facilitate buy-side firms in the identification of financial brokers providing the best execution. TEAM also provides greater transparency to sell-side institutions. “Providing clients with access to unique services which help them manage transparency across the trade lifecycle is more important than ever. We’re excited to be working with TradingHub and offer TEAM as part of our growing platform,” Richard Crozier, Head of Product for Data and Analytics at JPMorgan Securities Services mentioned in the official announcement.

JPMorgan is planning to facilitate buy-side clients by providing integrated solutions through an open platform. In the last quarter, JPMorgan posted strong growth in revenues and profit.

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Source: https://www.financemagnates.com/institutional-forex/jpmorgans-securities-services-to-offer-tradinghubs-analytics-solutions/

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