Use Case: Accenture Releases Blockchain Solution For Employee Benefits (forbes.com)
Global management consulting and professional services firm Accenture has teamed up with Generali Employee Benefits (GEB) to create a new blockchain solution for the employee benefits sector.

Through blockchain technology, participants in the reinsurance process to captive services, access the same data, which in turn, reduces processing errors through smart contracts and automated reconciliation taking advantage of distributed ledger technology (DLT) architecture.

Daniele Presutti, who leads Accenture’s Insurance practice in Europe, says “You can share data today—but blockchain allows you to see the data, and it’s a full view of the data that’s relevant to them.

It is important to note that only stakeholders that need to see the data will have access. And, if anyone tries to tamper with, duplicate or modify any part of the record, all stakeholders will know.”

Established in 1966, GEB is an employee benefits solutions provider. It operates one of the world’s largest network by bringing together the capabilities of over 100 countries to serve more than 1,500 multinational companies.

The solution streamlines GEB’s employee benefit operating model for captive services, offering customers globally a range of employee benefit solutions, such as life, short and long-term disability, accident and healthcare insurance.
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    Francisco Gimeno - BC Analyst Firms like Deloitte, Accenture and others have realised very early the value of the blockchain to save money, time, and streamline processes in their field. This use case just shows, once more, how the blockchain is slowly but surely conquering the financial world.