Algorand Aims to Combat Insurance Fraud Through New Partnership

Distributed ledger technology (DLT) company Algorand has announced a partnership with Attestiv, a blockchain-based platform focused on tamper-proof media verification, to address fraud in the insurance industry.

The two companies will collaborate to create a unified platform aimed at validating digital media for various stakeholders in the insurance sector, including insurers, customers, repair vendors, and carriers.

This initiative aims to enhance the integrity and trustworthiness of digital media used within insurance processes.