Motor insurance blockchain Addenda built a platform that allows for a frictionless motor insurance recovery interface using the Hyperledger Fabric blockchain. The Addenda blockchain will be a consortium that assists insurers resolve outstanding subrogation claims against other insurers in a timelier manner. By using a common ledger, insurers and agency repair shops will be able to minimize the back-and-forth interaction needed to confirm the authenticity of recovery documentation, thereby reducing the time needed for claim resolution.
Member count: 1-10
Total raised: $1.2M