Partnering with IBM? This means, that Surety will used IBM program for AI technology? How tokens will be used in this project?
Qns: Partnering with IBM? This means, that Surety will used IBM program for AI technology?
We are an official business partner of IBM where we use Watson as part of our AI technology layer in SURETY.AI, and do joint marketing with IBM.
Qns: How tokens will be used in this project?
With SURE Tokens, insurance policies and claim transactions can be stored on our chain, benefiting the unbanked and other participants of the ecosystem. Among the token utilities are:
1. Insurance contracts: Insurance policies are stored on tokens and it is proof of insurance during claim. As these are immutable contracts, it fosters trust and security among insurer, re-insurer and the insured.
2. Insurance data: Unbanked consumers can use tokens to access their data for policy payment and claim information. This information form their credit history to gain access to financial services like loans from banks
3. Security and fraud prevention: Insurers use tokens to store claims data to avoid duplicate claims and insurance fraud. Blockchain’s immutable recording system can help insurers avoid claims leakage and lower loss ratio. In this way, premiums for micro insurances can be even lower for the unbanked population.
Please refer to our whitepaper for all the use cases and benefits of our tokens. Thanks!
Thank you for detailed explaine. Can you ask devs about № of partnering with IBM? They can post this on their site and people can see as evidence of this.
Ill read their whitepaper. it looks like PolicyPal competitor?