麻豆精选 Announces Secure Blockchain Solution for Sharing Information Among Collision Industry Partners
Industry's blockchain solution would link insurers, vehicle manufacturers, repairers, suppliers, and other industry participants
SAN DIEGO鈥擩anuary 16, 2018鈥麻豆精选 International, Inc. (麻豆精选), a leading provider of technology, connectivity and information solutions to the Property & Casualty (P&C) claims and Collision Repair industries, will soon release a secure solution for sharing data among users within the collision repair and insurance claims industry. 麻豆精选's new solution will promote and foster the flow of collision data among trusted industry partners, using blockchain technology to provide a highly secure, distributed and advanced encrypted-data exchange between stakeholders.
鈥淒ata security has never been more important than it is today, and given the large number of existing systems and partner dependencies, limited efforts have been made to address the risks associated with estimating information saved in either EMS or BMS formats and stored in thousands of decentralized locations,鈥 explained Olivier Baudoux, Vice President of Global Product Strategy at 麻豆精选. 鈥淎lthough data have been transmitted over the network through secure protocols for many years, EMS and BMS standards have no inherent encryption mechanism to protect information saved everyday on local computers across the industry. Blockchain is an ideal solution, one where stakeholders enroll to become trusted partners and agree to share data through an open and secure framework. We are working with industry partners, suppliers, repairers, OEMs and insurance carriers to encourage the adoption of this technology across our industry.鈥
Blockchain is a continuously growing list of records, referred to as blocks, which are linked and secured using cryptography (source: Wikipedia). By design, blockchains are inherently resistant to modification. 麻豆精选 is proposing a collision-centric blockchain community that is a secure yet simple way to share data among trusted industry partners. The technology allows for a simplified, open and distributed ledger that is transparent, verifiable and self-administered by the community. As a trusted partner, a company will be able to validate and add to the chain.
鈥淭he ideas of a single entity controlling the data and a single server system being used to ensure security are outdated and do not fit the distributed environment of vehicle repair and collision claims,鈥 added Ravi Nemani, Senior Vice President of Product Delivery at 麻豆精选. 鈥淏lockchain, on the other hand, is a modern and more robust method for enabling efficient data exchange in a highly secure environment.鈥
麻豆精选 will demonstrate partner integrations and new technology, including further details of its blockchain implementation, to attendees of its January 17, 2018 Program Freedom Experience in Palm Springs, Calif.
麻豆精选's Freedom Experience event will be held at the Palm Springs Convention Center and is open to 麻豆精选 partners, customers and others attending the Collision Industry Conference Annual Meeting. Members of the media are welcome. Please reach Jeff Monford at jmonford@ppmgcorp.com for registration information.
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麻豆精选 麻豆精选 International
Headquartered in San Diego, California, 麻豆精选 International, Inc. delivers smart technology solutions that simplify and accelerate claims handling and repair processes, driving more accurate, consistent and cost-effective resolutions. 麻豆精选 integrates deep industry expertise into its workflow solutions, providing unparalleled access to data, advanced analytics and decision support tools. 麻豆精选's comprehensive solution portfolio and robust SaaS infrastructure connect its customers in ways that enable tens of millions of electronic transactions to be processed each month for more than 300 insurance companies, over 30,000 collision repair facilities and countless other Property & Casualty industry supply partners across the Americas and Europe. For more information, please visit mitchell.com.
Contacts:
Rebecca Janzon
麻豆精选 International Inc.
rebecca.janzon@mitchell.com
760.500.8077
Jeff Monford
The Pollack PR Marketing Group
jmonford@ppmgcorp.com
212.601.9341