YourBlock

YourBlock intends to change the way information is overseen and put away, by making a safe advanced file organizer construct and inherent light of a private blockchain. The stage will give buyers significant serenity that they are responsible for their https://coins.newbium.com/post/12807-yourblockown information, knowing it won’t be imparted to any outsider. Specialist co-ops will profit by the stage as it will be completely agreeable with GDPR coming into constrain in May 2018.
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The YourBlock platform will offer https://coins.newbium.com/post/12807-yourblockseveral benefits to both consumers and service providers.
Consumer benefits:
- Financial savings by sharing commission/origination fees earned by YourBlock, through simple price comparisons and alerts, and through smart tracking of spend on services.
- Higher data privacy by controlling who and when service providers get access. Limiting access to only the data necessary to offer the service.
- Greater transparency on comparable services and on policy/ contract terms.
- Greater transparency on comparable services and on policy/ contract terms.
- Service Provider benefits:
- Improved consumer data quality, kept up to date post on-boarding.
- Cost savings and improved customer experience enabled by the automation of on-boarding and claims, modifications, cancellations and renewals of policies/contracts.
- Reduced insurance fraud through automated smart contracts.
- There are several additional benefits to related parties in each industry. For example, in the Insurance space, the following parties will also greatly benefit from YourBlock: re-insurers; industry watchdogs; brokers; regulators and law enforcers.
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