The result is unparalleled insight and transparency into a policy, or portfolio of policies, while providing the tools to manage all components of insured transactions in one centralized platform, regardless of geography, product, or broker. “Five years from now, we will look back and wonder how policies were ever managed prior to InBlock Digital Policy Management.”ĭigitizing an insurance policy on InBlock creates a self-executing smart contract allowing brokers and their clients to confirm coverage eligibility at the invoice level, authenticate debtors, and automate the manual and resource-heavy day-to-day policy management and compliance processes. Trade credit insurance, which has traditionally been user-intensive and not integrated into finance systems, is a great use case for InBlock,” said Jim Toffey, CEO of LiquidX. We built InBlock to do the hard work of digitizing and automating manual processes across the entire working capital ecosystem.

“This is a watershed moment for trade credit insurance. LiquidX partnered with a financial institution and a corporate to design a solution that automates the management of multi-buyer and single-buyer insurance programs while maximizing the effectiveness and user experience of this innovative technology. This solution leverages Distributed Ledger Technology (DLT), smart contract technology, and AI, integrating trade credit insurance policies into financial workflows for the first time and automating critical policy management and compliance processes. After pioneering the world’s first digital trade credit insurance platform, LiquidX today announced the launch of its InBlock Digital Policy Management pilot for trade credit insurance.

New York, NY – Octo– LiquidX, the global fintech solutions provider for working capital, trade finance, and insurance, continues to break new ground with market-changing trade credit insurance technology. InBlock Digital Policy Management leverages blockchain technology, AI, and machine learning, allowing market participants to reduce risk, increase efficiency, and scale through automation. The trade credit insurance ecosystem loses over a billion dollars annually due to process inefficiencies, lack of transparency, and human error.

Liquid ledger demo