Solution would link insurers, vehicle manufacturers, repairers, suppliers, and other industry participants. Will demonstrate technology at event in Palm Springs, Calif. today.
Mitchell International, Inc. announced it will soon release a secure solution for sharing data among users within the collision repair and insurance claims industry that uses blockchain technology to provide a highly secure, distributed and advanced encrypted-data exchange between stakeholders.
Blockchain, popularized by cryptocurrencies such as Bitcoin, is a continuously growing list of records, referred to as blocks, which are linked and secured using cryptography. By design, blockchains are inherently resistant to modification. Mitchell is proposing a collision-centric