Our AI specialists’ team gathers a detailed understanding of what areas your business needs to improve service efficiency and client satisfaction. And, we go deeper into your business processes to learn how best to incorporate our AI services, build a roadmap for automation, and prepare a business case.
Blockchain Smart Contracts
Smart Contracts are digital contracts stored on a blockchain that are automatically executed when predetermined terms and conditions are met. Smart Contracts are disruptors in the industry. We develop Ethereum based smart contracts that can be tailored to suit to our client’s needs.
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We are committed to deliver AI-powered software and technical solutions to companies who want to leverage data and machine learning algorithms for business value.
Focusing on predictive analytics, chatbots, natural language processing, process automation, conversational AI and computer vision, we help businesses innovate with AI, enrich customer insights, automate processes & be more cost-efficient. This is ensured by our proprietary technologies, exceptional customer care, constant investment into talent development and R&D.
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Automated Sports Journalism(NLP)
AI is creating a smarter world for sportsmen, broadcasting companies and advertisers with real-time statistics. By leveraging the power of Natural Language Processing (NLP), AI will change the face of sports journalism entirely, transforming it to Automated Sports Journalism. AI will make use of sports data to create readable information on different sports events. We develop custom solutions as per client's requirements.
What are Smart Contracts
Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary’s involvement or time loss. They can also automate a workflow, triggering the next action when conditions are met.
Smart Contracts , in day to day life
Use cases of Smart Contracts
Blockchain Healthcare Smart Contracts establish a safe, immutable and transparent network. They unite all units of the circle: patients, providers, healthcare organizations, insurance agencies with higher degree of cooperation. The idea is to empower each patient with rights to control its personal data from any device via using the personal key. Medical smart contracts allow operations with patient’s health records to take place without fear of tapping private data. Thus, it improves the compliance between care team and a patient, lowers expenses, avoids clinical errors and breaches, saves time. Health care industry are on course to gain significantly by adopting smart contracts.
The banking industry has most of its activities based on contractual agreements. The terms of these contracts are enforceable by third-parties in case of breach of the terms. Providing each customer with individual attention is a slow and costly process for players in the banking industry. Having these terms on a network that executes contracts automatically opens many opportunities for the banking industry such as Automated Claims Processing, Automated Letter of Credit processing, Real-time Remittance, Transparent Auditing, Know Your Customer(KYC). Smart contracts also help minimize risks such as compensation of fraudulent claims.
The process of transferring property ownership has become stressful and often risky for both sides of real estate transactions. In short, the seller is hesitant to transfer the ownership before receiving funds, and the buyer is afraid to send money before receiving the property. Up to this point, the most effective method was to use third parties such as notaries to ensure agreement fulfillment and increase security, which, in turn, raised the costs associated with transferring property ownership and caused delays. Essentially, smart contracts solve the aforementioned problem by consolidating all the functions of notaries and brokers into one autonomous mechanism.
Blockchain technology will bring about significant efficiency gains, cost savings, transparency, faster pay-outs, and fraud mitigation while allowing for data to be shared in real-time between various parties in a trusted and traceable manner. With our decentralized Ethereum’s Smart Contracts, Insurance can be conducted over Blockchain accounts, introducing more automation and tamper-proof audit trails. Notably, the low cost of smart contracts and their transactions means that many products can be rendered more competitive for penetration of underinsured markets in the developing world. Know-your-customer (KYC) , Anti-money laundering procedures, Reinsurance practices, Automated Claims handling.
Blockchain brings many benefits to the field of sports. Blockchain allows athletes to crowdfund performances by utilizing income share agreements. Blockchain technology in sports is also being applied at the ticketing level as an easier and more secure way of purchasing, storing, or even transferring tickets between owners or events. Thanks to its decentralized nature removing the need for intermediaries and central actors, fans who find themselves unable to attend an event, for example, can simply switch their ticket without paying penalty fees or losing their money, making for a much more efficient user experience. As the data on the blockchain is immutable, no one can falsely claim to have bought a ticket or dispute a price.
Smart Contracts will help in automating commercial processes in Logistics Industry. Inaccurate data creates a lot of disputes and also gives rise to process inefficiencies in supply chain and logistics. Companies can save freight costs considerably if invoice accuracy is improved and overpayments are avoided. Smart Contracts also help in maintaining visibility & clarity of terms, trust worthiness and reliability, fraud protection & payment guarantee, elimination of 3rd party intermediaries. Smart Contracts helps in digitizing Letters of Credit (L/C). A regular, paper-based L/C could take up to a week to be prepared and executed. Digitizing the L/C could accelerate the process and also the movement of funds.