Sunnyvale, California – March 26, 2021
Gigaforce is pleased to announce the launch of a patent-pending, blockchain-optimized, claims platform designed to expedite subrogation, recovery, and salvage processing for insurance ecosystems.
Based in Silicon Valley, Gigaforce combines heterogeneous data, artificial intelligence (AI)-driven predictive models, specialized industry expertise, and customized services to connect parties within the subrogation process. Gigaforce effortlessly integrates all data, documents, and processes relevant to the subrogation process into a single platform for increased access, improved efficiency, and reduced cycle time.
“There are potential hazards all over the traditional subrogation process due to the multiple parties and handoffs of information and money involved, “said Sanjeev Chaudhry, CEO of Gigaforce. “By introducing Blockchain into the process we have heightened the transparency and visibility available to customers and partners and made certain that data security is paramount. The Gigaforce platform not only facilitates smart contract execution with complete visibility, but also provides a single source of truth for subrogation process stakeholders who normally have little visibility into the entirety of a claim.”