GoChain Solutions for Compliance & Insurance The legal industry has been slow to modernize. GoChain’s Blockchain alleviates labor-intensive manual processes while providing increased accessibility, transparency, cost savings, speed, efficiency and data integrity to the legal industry. request a demo Managing insurance claims and liability is a problem as old as business itselfTo put it simply, it’s not only what happens, but it’s what you do when it happens. Incomplete and inaccurate dataA lack of consistent & clear data can plague businesses and results in a lack of insight into the daily operations and key information for compliance and internal auditing. Millions spent on complianceAccurate data management can often result in a cost of millions of dollars per year. Modern enterprise companies require a more efficient system for managing their internal data along with verification of data accuracy.Lost productivity and interrupted workflowCompliance & insurance claim reporting is one of the most time consuming activities for any company, large or small. As a result, companies can lose thousands of hours of productivity each year.Simplify your insurance claims with blockchain automationWith increasing global trade and market complexity, every company needs a solution that streamlines their insurance claims and automates records for regulatory compliance. Blockchain offers an unparalleled solution that mitigates risk and provides a verified dataset for every aspect of insurance claim processing.Automate your compliance reportingExpedite the claim processing time and provide the policy holder with an immutable blockchain-based data record to stand behind with an automated claim reporting process using smart contracts.Secure your verified business dataYour business data is collected and verified using GoChain’s private blockchain solution. This private blockchain platform easily connects to your existing tech stack to ensure that your data is accurate and securely stored for future use.Reduce paperwork costsRemove the friction and expense associated with traditional insurance claim management. GoChain’s hybrid blockchain platform enables businesses to reduce the costs of extensive paperwork and incident review before, during, and after the claim submittal process.Connect with our industry experts and consultants and begin automating your insurance claims now SPEAK WITH AN EXPERT“By utilizing blockchain’s decentralized ledger technology, a single record can be made available to both regulators and businesses, with updates registering in real time. DisrupterDaily Ensure your business is compliant with immutable and secure data managementRegulatory compliance reporting can be expensive, stressful, and time consuming. Inaccurate or fraudulent reporting can quickly lead to extensive fines, audits, and loss of revenue due to the exhaustive process of ensuring that your business is in compliance with new and existing industry standards.Grant access to records as neededGive regulators access to company compliance records, tax information, & industry transactions stored on your private blockchain on an as-needed basis.Automatically generate accurate compliance reportsUse smart contracts to generate compliance reports with permissioned datasets based on the most critical and tamper-proof data stored on the blockchain.Resolve disputes with verified dataIn the case of an audit or redflag, an accurate data record provides your business with the critical tools to resolve disputes and mitigate risk.Start securing and expediting your compliance reporting and dispute resolution now Contact“Blockchain technology could make the process of settling a motor claim as much as 3x faster and 5x less costly. Start modernizing your legal, regulatory & compliance systems now Build your own compliance or insurance solution on GoChain Build your own compliance or insurance solution on GoChain GoChain strives to provide the best development experience possible for anyone looking to build something great on the blockchain. Start building on our developer portal Partner with our experts to co-create a solution Partner with our experts to co-create a solution Looking to build a blockchain solution? Our experts have your back whether you’re on step one or 100. See how we work with clients Integrate your existing app or dApp with GoChain Integrate your existing app or dApp with GoChain Anything built for web3 can easily be redeployed to GoChain and get the benefits of speed, low gas cost, & energy savings. Moving to GoChain from Ethereum is just a change of an RPC URL and redeployment. You can be up and running in minutes. Why switch to GoChain?
