Case Study

openIDL streamlines U.S. insurance industry with Hyperledger Fabric

openIDL streamlines U.S. insurance industry with Hyperledger Fabric

openIDL Network • The first blockchain platform to enable efficient, secure data collection and sharing within the insurance industry • In production since 2018 • Sponsored by the American Association of Insurance Services (AAIS) based in Chicago • Built with Hyperledger Fabric Goals • T o streamline regulatory reporting for insurers • T o ensure timely and accurate reports for regulators • T o provide business value with new insights derived from these reports Approach 1. Face the need for better reporting 2. Engage stakeholders in design thinking 3. Seek an affordable blockchain framework 4. Choose a proven framework and development partner 5. Add value for everyone on the network Results • Prototype created and 5 million records tested in less than 90 days • Mechanism for regula

Join for free to read