CarChain Technologies – A Novel Platform for Auto Insurance Claim

A Blockchain-Based Novel Platform for
Auto Insurance Claim

About CarChain Technologies

Aims to create a revolutionary platform for auto insurance claims, a blockchain-based application that will employ smart contracts to integrate business logic and eliminate the need for intermediaries by automating auto insurance claim validation and settlement processes. By generating smart insurance contracts and eliminating paper-based agreements, the company will improve turnaround time and detect fraudulent claims while allowing for real-time data sharing between several parties in a trusted manner.

Moreover, the platform’s distributed blockchain network will make it easier for all those insurers to access the same information, reducing administrative duties associated with claims, thus minimizing double-booking or duplicate claims, enabling digital certification, and reducing counterfeiting.

Our Mission is to lead the industry by offering innovative car insurance software solutions and help vehicle owners claim total loss effectively with minimum downtime, hassle, reduced costs, increased productivity, enhanced agility, and improved performance.

Problems To Solve

Paper-based Contracts

Prone to mistakes & necessitate human intervention.

Delays process up to several weeks or months due to needing to fix mistakes/errors.

Time Consuming Procedure

Due to the involvement of third parties and intermediaries.

Might take weeks or months to hear from third parties involved since information is not received simultaneously.

Insurance Fraud

The process involves a lot of data so the risk of fraudulent claims is high.

Insurance fraud costs Canadian consumers upwards of $1 billion annually.

Lack of Transparency

Different stakeholders cannot obtain information on time.

Results in delays of weeks or months.

Our Solutions

The Company will offer a blockchain-based application which will use smart contracts that contain business logic and remove the need for intermediaries by automating the validation processes. Since the blockchain network is distributed, the necessary documentation can be made available to whoever has permission access.

Blockchain-Based Application

Use smart contracts and remove the need for intermediaries.

Decentralized Network of Platform

Automatically verify policyholders, claim process, & insurance providers while allowing for real-time data sharing.

Eliminating Common Sources of Fraud

By moving insurance claims onto an immutable ledger. Monitor process activity through the blockchain’s traceability feature.

Increased Transparency

Allows all network members to access the information simultaneously. Blockchain allows “write/view/modify” access to the stored data to multiple stakeholders.

How We Work

01

Consumer

Requires a claim in case of any damage, loss, medical treatment, or accident.

02

Loss Adjustor/Auditor

Verifies if the consumer is liable toget the claim amount or not.

03

Insurance Company

Provides the claim to
the consumers.

Advantages

Life Insurance

Fraud Detection

Utilizing Smart Contracts

Quick Processing & Payments

Testimonials

Christina Rose Customer

Money Saving!

Amanda E Jacobs Customer

Highly Recommended!

Maria J Finck Customer

Very Helpful!

James G Wyatt Customer

Time Saving!

Meet The Team

Wiwy Ciputra

CEO

He is a hardworking and responsible logistics operations manager and business owner with 25 years of experience. He had worked as Tax Consultant and Operational Director/Manager. As Chief Executive Officer of CarChain Technologies, Mr. Ciputra has excellent interpersonal and analytical expertise with a flair and passion for increasing organizational achievements and profitability through leadership and problem-solving skills which will help the Company become successful within Canadian markets.

Araya Sae Ung

CMO

She is a highly motivated and ambitious Hotel Business Owner and Marketing Director with 24 years of experience. She had worked as Flight Attendant, Accountant Executive, Marketing Director. As Chief Marketing Officer of CarChain Technologies, Mrs. Ung will oversee the planning, development, implementation, and monitoring of the overall business marketing strategy which will be crucial for customer outreach and growth within Canada.

Chivirak Meth

COO

He is a passionate and dedicated Colonel in the Ministry of Defense and an entrepreneur in automotive procurement, shipping, and sales with 16 years of experience. He had worked as Vehicle Analyst, Car Salesman, Free-lance Para Legal, Sales Representative and Staff Officer. As Chief Operations Officer of CarChain Technologies, Mr. Meth will work closely with the CEO to design and implement policies to promote the Company’s culture, vision and oversee operations to keep businesses on track to success within Canada.

A Blockchain-Based Novel Platform for
Auto Insurance Claim

About CarChain Technologies

Our Mission is to lead the industry by offering innovative car insurance software solutions and help vehicle owners claim total loss effectively with minimum downtime, hassle, reduced costs, increased productivity, enhanced agility, and improved performance.