How SPARKL Clear Box enables reinsurers to automate with multi-party smart policies
Blockchains are primarily known for their use in Bitcoin, but this same technology is proving useful for “smart contracts” that enable automated, transparent execution of business policies.
Blockchains are primarily known for their use in Bitcoin, but this same technology is proving useful for “smart contracts” that enable automated, transparent execution of business policies. The challenge is implementing blockchain technology in legacy systems.
This paper explains a Proof of Value (PoV) program that uses SPARKL Clear Box technology to use blockchain for reinsurance. These smart reinsurance policies enable firms to match capital more closely to risks, while reducing processing costs.
Read this SPARKL white paper to learn:
- What SPARKL Clear Box is, how it works, and why it can be important to your business
- How blockchains can be implemented to facilitate secure online transfers
- What smart policies should be in your arsenal and how you can capitalize on them