Blockchain

Pragma Edge Provides block chain for Manufacturing, Insurance, Financial, Healthcare, Pharmaceuticals industries.

Block chain, implications for each industry

Manufacturing

  • Increase the transparency and traceability in your processes and supply chains, helping to resolve inefficiencies every step of the way.
  • Track products from their origins to their destinations, verifying ownership and reducing theft

Insurance

  • Simplify the claims process and enhance process efficiency.
  • Decrease fraud and improve compliance by using set rules for claims processing, reducing human error.
  • Improved access to reliable data records that can be accessed from a decentralized ledger.

Financial

  • Accelerate the speed of transactions and monitor them in real time
  • Improve accuracy and eliminate fraud with a detailed audit trail.
  • Use “Smart Contracts” that are triggered when conditions are met to eliminate the added expense of a middleman.
  • Eliminate third party costs and fees for seamless peer-to-peer transactions.
  • Simplify and streamline cross-border payments.
  • Increase transparency among financial institutions, leading to improved regulatory reporting and monitoring.

Healthcare

  • Create a master patient index, tying patients to their data, rather than their identity.
  • Create a layer of de-identified data for researchers to use to recruit patients for clinical trials.
  • Simplify the claims process and billing by automating adjudication.
  • Secure data from care center to care center, and improve quality of care, by storing patient information as blocks of universal code.

Pharmaceuticals

  • Track pharmaceuticals from creation to distribution: ensuring manufacturing quality and patient safety in the event of a recall.
  • As in clinical trials, create a layer of de-identified data for researchers to use to recruit patients for pharmaceutical trials.

Learn More: Block Chain for Supply Chain