Hyperledger
Case Studies
openIDL streamlines regulatory reporting for U.S. insurance industry with Hyperledger Fabric
Overview
openIDL streamlines regulatory reporting for U.S. insurance industry with Hyperledger FabricHyperledger |
Application Infrastructure & Middleware - Blockchain Infrastructure as a Service (IaaS) - Cloud Computing Infrastructure as a Service (IaaS) - Cloud Storage Services | |
Business Operation Logistics & Transportation | |
Regulatory Compliance Monitoring Remote Asset Management | |
Cloud Planning, Design & Implementation Services Data Science Services Software Design & Engineering Services | |
Operational Impact
The openIDL network has been in production since 2018, making it the first blockchain system used to gather data from across the U.S. insurance industry. | |
The system has received positive feedback from carriers and regulators. | |
AAIS continues to refine the blockchain platform, engaging their stakeholders in quarterly design thinking sessions. | |
Quantitative Benefit
Prototype created and 5 million records tested in less than 90 days. | |
Large insurers can save millions of dollars on annual regulatory reporting costs. | |