The Corda layer acts as distributed ledger between the insurers, enabling the sharing of public claims data in real-time and in an immutable way. Built for the needs of highly regulated institutions, Corda is a next-gen blockchain platform that delivers privacy, scalability, and security.
Our Claimshare solution uses Intel Software Guard Extensions (Intel SGX) technology to enable the matching of customer’s private data once a suspicious claim is detected. By matching the data, no sensitive data is exchanged, making the solution fully GDPR compliant. It is deployed on Microsoft Azure Confidential Compute VMs.
AI algorithms – including fuzzy matching – are used to optimize the detection of suspicious duplicate claims using public data on the Corda ledger and to confirm the fraud when running inside the confidential computing enclaves.