API endpoints are two systems communicating with each other. In our case, they enable us to build and integrate solutions that take the weight off your IT department’s shoulders. Once the solution is ready, you just have to hook up to the software through an API endpoint–this saves you the hassle that comes with troubleshooting or updates as everything is being taken care of on our end.
By using blockchains, it’s nearly impossible to change, hack, or cheat your system. Each block contains a cryptographic hash of the previous block, a timestamp, and the transaction data. Blockchains also enable us to create smart contracts for your customers: these are self-executing contracts directly written into the code, containing the terms of the agreement between two parties.
We use third-party providers’ data to make sure we consider every variable, be it creating contracts or claim handling processes. This could be something as simple as processing snow forecast data or considering ski lift schedules while determining contract details.
We process data from third-party providers (weather, flight, disaster, IoT/agro, and medical data), which is in turn constantly monitored by our system. Details are registered into a smart contract. If conditions are met, the claim can be settled.
