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melenajade edited this page Dec 5, 2017 · 1 revision

Welcome to the Insurance-Verified wiki!

The concept is to create a blockchain token designed for insurance policy holders. Policy holders can use block chain transactions to verify data and replace traditional auditing techniques.

Where traditionally, businesses file federal and state tax forms and work with CPAs and payroll firms who generate ledgers for businesses which are then transmitted via different methods to the insurance carrier and auditing vendors, the idea is to disrupt the field, capture the date at the point of entry for federal and state forms filed online in a blockchain, then transmit verified data to the carriers.

This will greatly reduce expense costs of insurance policies and allow policy holders to benefit with ease of use.

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