An extensive Blockchain-enabled platform that improves record retrieval and sharing in the legal industry.
In California, in Workers’ Compensation proceedings, record retrieval is time-consuming and prone to misuse. It is still done manually and involves a significant duplication of work by law firms and copy service providers. It, in turn, leads to increased costs covered at the expense of insurers.
In workers’ compensation cases, most lawyers charge a contingency fee — a percentage of the settlement or award. Thus, law firms sometimes operate at a loss, as they do not have appropriate tools to estimate claims and group them by cost.
Striving to improve this situation, Arcuity AI, Inc. turned to EffectiveSoft with a need for a platform to facilitate and secure record retrieval and sharing. To exclude any possibility of forging the documents used in trial, it was required that every record in the platform be identical to the one provided by the records custodian.
Inspired by the client’s unprecedented idea of taking the work of claim-resolution teams to a new level, the engineers at EffectiveSoft participated in the development of ArcuityVizionTM. The platform ensures secure, immediate, and low-cost access to documents by all legitimate Workers’ Compensation stakeholders.
ArcuityVizionTM is using Integra’s Blockchain Smart DocumentTM technology, which creates a permanent chain of custody and authenticates the documents by multiple parties. It also ensures that every record in the platform is immutable and identical to the copy obtained from the custodian of records. If there is an attempt to make changes to the document, it is considered invalid and users are alerted about potential fraud or abuse.
The integrity and authenticity of printed documents are guaranteed as every record in the platform is immutable and identical to the copy obtained from the custodian of records. When scanned, it reveals the information about the version and legitimacy of the printed document used in trial.
ArcuityVizionTM helps to: