SourceLess Blockchain revolutionizing the insurance industry - a new technology

With the launch of its own blockchain, SourceLess announces the importance of its technology in the insurance industry, a new technology that is already making its mark.
By: Sourceless Inc
 
CONSTANTA, Romania - Feb. 4, 2022 - PRLog -- Blockchain is one of the most exciting technological innovations of our generation. It has the potential to transform and change everything from the way we do business to the way we interact. Blockchain technology is a powerful new tool for recording and tracking transactions through peer-to-peer networks. It has the potential to be implemented in a positive way in almost any industry, beyond cryptocurrencies and the financial sector.

SourceLess Blockchain offers an excellent opportunity for innovative insurance companies to join the blockchain community, digitize all their assets and store information in a distributed digital storage space. This allows insurance companies to develop new models, improve and streamline their processes, optimize their operations and protect their network, through military encryption.

SourceLess Blockchain revolutionizes the insurance industry by providing a transparent system where all transaction data recorded on the blockchain makes it impossible to alter or delete. This will reduce costs for traditional insurance companies, and they will be able to provide their users with a fair and responsible service. By using the SourceLess platform within the SourceLess Blockchain, insurance companies can control all the computers in the company's network, choosing either the public or private version.

SourceLess Blockchain's key technology is combined with Smart Contract and IoT, which will make it possible for insurance companies to quickly and easily create smart contracts that contain built-in automated information exchange, as well as secure and decentralized audit functions.

The SourceLess platform provides insurance companies with a unique tool that automatically processes insurance needs and matches them with the most suitable provider. With built-in AI (Artificial Intelligence) capabilities, the technology enables the processing of a large amount of information, thus improving the final insurance product or service.

Through the SourceLess platform, any insured asset can become a node in the network. Our software makes it possible to record and verify every transaction in real time, as well as to demonstrate fraud attempts in a unique way.

To solve the painful problem of big data provisioning costs, SourceLess Platform offers a full lifecycle management service for enterprise big data applications. It greatly reduces companies' data provisioning costs, freeing up human and financial resources and therefore improving companies' competitiveness. At the same time, it creates an additional value service connecting industry and academia - the main purpose for us to build the SourceLess platform is to foster innovation in the industry by creating an ecosystem for big data applications.

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Source:Sourceless Inc
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Tags:Sourceless Blockchain
Industry:Insurance
Location:Constanta - Constanta - Romania
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