Everledger is a platform aimed at reducing risk and fraud in banks, insurers and open marketplaces. This is made possible by utilizing blockchain technology and smart contracts to create transparency in a hybrid technical model that is built on both public and private blockchains.
The company has developed solutions in technologies such as smart contracts, machine vision, and Internet of Things (IoT) to enrich their blockchain platform. Everledger's platforms allow users to access asset information and verify it, and create a digital duplicate of assets and follow it through the platforms.
Everledger has blockchain platforms for several different industries including insurance, art, luxury, wines, minerals, gemstones, and diamonds. The company aims to produce sustainable value for these industries by partnering with entities such as Global Blockchain Business Council (GBBC), OECD Blockchain Policy Centre, Technology Pioneers, World Economic Forum (WEF), Responsible Minerals Initiative (RMI), and pursue the United Nations' Sustainable Development Goals. Fraud in these industries is a global issue that Everledger is looking to aid through the use of their transparent blockchain technologies. The company quotes the fraudulent problems in the diamond industry alone value around $2 billion.
Everledger Is Using Blockchain To Combat Fraud, Starting With Diamonds
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Leanne Kemp Speaking at IBM Edge 2016
Sep 25, 2016
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