Vault Security Systems AG – Blockchain for supply chain
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iVAULT FOR BUSINESS

Problems Impacting Insurance Companies and their Clients

Insurance Industry
Fraudulent claims:

  • 125,000 dishonest insurance claims valued at £1.3 billion led in the UK each year
  • It is estimated that a similar amount goes undetected each year
  • The average family pays £50 more in premiums each year to offset these costs

Slow claims process: 

  • Traditional paper claim forms are a painstaking and slow customer experience
  • Leads to customer frustration and jeopardises brand loyalty

ivault Solutions
Fraud prevention:

  • Possibility to detect whether the same items repeatedly go missing or a customer has several insurance policies for the same risk
  • Diminishes crime, which costs insurance companies millions each year

Other industries

Ledger system: Offers a back-office accounting system that makes the supply chain more secure by using blockchain technology to record and protect all transactions.

Supply chain management: Helps companies to streamline supply chain management, and improve inventory, as well as improve maintenance / repair management to prevent fake products from entering the supply network.

Vaultsecurity

US Patent (Pending)

© Copyright 2019 - Remy van Donk - Vault Security Systems AG
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