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  • 380 Assiniboine Road, 309, North York, Ontario, Canada, M3J 1L4
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Blockchain Platform for Auto Insurance Claims

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About CarChain Technologies

CarChain Technologies has created a revolutionary platform for auto insurance claims—a blockchain-based application that has employed 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 has improved turnaround time and detected fraudulent claims while allowing for real-time data sharing between several parties in a trusted manner. Moreover, the platform’s distributed blockchain network has made it easier for insurers to access the same information, reducing administrative duties associated with claims, 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 the process by several weeks/ months due to the need to correct mistakes and errors.

Time Consuming Procedure

Updates from third parties can take weeks/ months due to the lack of simultaneous information sharing.
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

We offer a blockchain-based application which uses 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 is made available to whoever has permission access.

Blockchain-Based Application

Uses smart contracts and removes the need for intermediaries.

Decentralized Network of Platform

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

Eliminating Common Sources of Fraud

Monitors 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

Mr. Wiwy Ciputra is a logistics operations manager and business owner with 25 years of industry experience. He holds a Bachelor of Administration from the University of Wisconsin, Madison, and a Mandarin Language Diploma from Zhongshan University. After starting his career as a Tax Consultant, he gained international experience with stints in Singapore and Hawaii. For the past 20 years, Mr. Ciputra has managed operations at his family’s transportation and logistics firm, focusing on optimizing processes, on-time delivery, and regulatory compliance. He is also an Amazon reseller, leveraging his entrepreneurial skills in both Canada and Indonesia. As CEO, Mr. Ciputra’s strong interpersonal and analytical abilities, combined with his leadership and problem-solving skills, are poised to drive the company’s success.

Araya Sae Ung

CMO

Mrs. Araya Sae Ung with 24 years of experience, is a driven Hotel Business Owner and Marketing Director with experience in advertising and hospitality management. She holds a Bachelor of Arts in Advertising (Mass Communication) from Bangkok University. Her career began as a Flight Attendant and later transitioned to an Account Executive role, gaining valuable skills in client relations and communication. In 2007, she joined her family’s hotel business as Marketing Director, focusing on domestic business and playing a key role as a shareholder. As CMO, Mrs. Ung will lead the development and execution of marketing strategies, driving customer outreach and growth.

Chivirak Meth

COO

Mr. Chivirak Meth is a committed Cambodian Lieutenant Colonel at the Ministry of Defense and an entrepreneur in automotive procurement, shipping, and sales. He holds a Bachelor of Law with a focus on International Law, Political Science, and International Relations from the University of Cambodia. His career began with roles as a Vehicle Analyst, Car Salesman, and Para Legal. He later gained experience as a Sales Representative for various automotive companies in Ontario, where he also holds a 9% share in one business. Since 2010, he has served as a Staff Officer in charge of International Logistics Affairs and Finance at the Ministry of National Defense. As the COO, Mr. Meth will collaborate with the CEO to develop policies that align with the company’s vision and manage operations to ensure business success.

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Email

Info@carchain-tech.com

Address

380 Assiniboine Road, 309, North York, Ontario, Canada, M3J 1L4

About Us
CarChain Technologies has developed a platform by leveraging blockchain technology and smart contracts, offering potential use cases for insurers, including innovating insurance products and services for growth, increasing fraud detection and pricing effectiveness, and reducing administrative costs.
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