Fraud is estimated to cost the telecom industry over USD $38 billion annually. Learn about the different means of telecom fraud and how STRATO can be used to address the core issues behind them.

Regulatory bodies tend to be siloed and part of a complex value chain responsible for a prolific amount of work. These conditions inherently create opacity and inefficiency, with a dangerous ripple effect.

KYC processes are labor-intensive, often manual, and prone to error and fraud, both of which cost banks colossal sums. Additionally, the lack of standardisation across systems creates a huge amount of duplication.

Mobile ticketing is the most popular purchasing method for sports and entertainment events, with customers spending over $10.6 million per year. However there is a growing problem of counterfeit and fraudulent secondary-market ticket sales on unknowing consumers.

By building a distributed ledger of verified data, airlines, agents, and other industry players gain greater visibility to secure data like ticket information, loyalty services, aircraft maintenance records, and payment/settlement records.

With the decentralized security of blockchain technology, Contract Research Organizations (CRO’s) and pharmaceutical companies can radically improve both the quality and diversity of candidates selected for clinical trials

Privacy and security concerns are slowing adoption of genomic testing, in turn limiting its ability to produce insights and better various healthcare procedures and processes.

Despite being one of the most expensive parts of the modern healthcare, clinical trials are not as effective as they need to be, low recruitment particularly hindering their success.

The communication of healthcare records is neither secure nor efficient enough to serve its purpose, with frequent breaches data threatening the sanctity of the entire system.

Medical credentialing is an immensely labor-intensive, time-consuming, and costly process for medical practices, hospitals and the doctors themselves. Using blockchain to manage medical credentials can cut time, costs, and the convoluted nature of the current system while keeping security and privacy at its core.

MyEarth.Id team is working towards simplifying the process of identity validation and reducing identity thefts and frauds, thereby minimizing the cost of identity management. EarthId is an award winning GDPR compliant decentralized identity management platform, helping you drive data privacy, user consent and digital id verification.