Hazmat Data Sharing

Hazmat Data Sharing

WHAT’S THE PROBLEM?

There is currently no cohesive method for sharing location-based hazardous materials data between various stakeholders such as property owners, municipalities, firefighters, and insurance companies.

Insurance companies lose money from claims made as a result of injury or loss of life. Property owners pay higher rates as a result of these claims.

 

Hazmat Data Sharing 

USE CASE FLOW

1) A property owner stores information about hazardous materials residing at their property with a data repository provider.

2) The property owner registers their hazmat data repository on the hazmat data blockchain.

3) The insurance company checks the hazmat data blockchain for a listing about a specific property.

4) The insurance company requests access to a hazmat data repository based on a listing in the hazmat data blockchain.

5) Once hazmat data is confirmed the insurance company provides a discount to the property owner.

 WHY CHOOSE VERES

CONVENIENT

    • Property owner can easily move their data
    • Emergency responders get the data they need when they need it
    • Veres is built on open W3C standards, no vendor lock in

SAFE & SECURE

  • Digital Credentials are not easily forged
  • Data in a blockchain database can’t be altered
  • Privacy protecting, no sensitive information is stored on the blockchain

CONFIGURABLE

  • Can restrict access to digital resources in an automated way
  • Can message those with specific credentials or training within a defined radius

BENEFITS OF BLOCKCHAIN

-Resilient to attacks
-Tamper-proof and auditable
-Lower maintenance
-Can be accessed offline

BENEFITS OF VERES LEDGER

-Optimized for each use case
-Configurable consensus authorization
-Public/Private access
-Flexible data storage