JIM BRAMBLET
Main benefits of implementing blockchain “ Implementing blockchain technology offers several key benefits for insurance companies . By automating claims and other processes , blockchain significantly increases efficiency , reducing both the time and labour involved , which leads to cost savings and faster service delivery . Enhanced transparency is another major advantage , as all parties have access to a single , immutable version of transaction data ,” says Shaun .
This transparency builds trust and reduces disputes over claims or policy terms . As mentioned previously , blockchain also plays a crucial role in reducing fraud due to its immutable
JIM BRAMBLET
TITLE : SENIOR MANAGING DIRECTOR
COMPANY : ACCENTURE INDUSTRY : TECH LOCATION : WINNETKA , ILLINOIS
Jim Bramblet is the Senior Managing Director and FS Midwest Lead at Accenture . With extensive expertise in blockchain technology , he had focus on leveraging Distributed Ledger Technology ( DLT ) to enhance business processes , improve data accuracy , and drive efficiency across various sectors , particularly in the insurance industry .
114 September 2024