Smart Digital Solution system which is a Combination of :
1-Artificial intelligence .
2-New data sources .
3-Digital currency .
Provided services :
A. Banking services sector :
2-Making loans and servicing loans .
3-Underwrite credit using an algorithm instead of human underwrite .
4-Make interest payments .
5-Collect debt service from digital wallet .
Compliance : According to McKinsey, compliance costs US$ 220 Billion per year continue to grow
Smart Based identity System tied back to compliance function could eliminate a significant portion of this cost .
B. Insurance services :
1-Smart contract tied to good artificial intelligence .
2-Handle 90% of underwriting, claim adjustments and settlements .
3-Reducing costs for claims processing.
C. Health Sector :
Medical Fraud costs more than GBP324 billion per year according to World health organization
We solved this issue through the new Smart system by :
1-Providing an immutable record and tie together disparate pieces of data that, had they remained separate would obscure the truth.
2-Improve reconciliation of treatment and billing data.
3- Statistical analysis of payment and treatment patterns to detect anomalies .
4- Predict illness and Lack of vitamins.
5- Rise life expectancy from 30% to 40% by analyzing holistic and genomic data of our DNA.