Fintech

Vast swathes of data are locked up in internal company/organisation databases. The sharing of this data across different entities has continually been accosted with privacy, security, and authentication issues. The current methods of data sharing are bespoke, varying from party to party and as well as for each unique relationship. However, these methodologies are either highly resource-intensive and/or do not exhibit industry-level privacy, security, or authentication standards.

HARPO provides a common infrastructure for all companies and organisations to share and receive data. This data handling is facilitated by state-of-the-art technology that allows data interchange to occur in a highly secure, privacy-preserving manner with reliable authentication of data and stakeholders. Simplifying data interchange across individual entities builds the missing keystone for countless opportunities in the Fintech industry.

Insurtech

Straight-through processing is a process for speeding up transaction processing times, by allowing relevant parties to have the same information be streamlined through a process across multiple points. Due to the multitude of parties involved, this was not possible for health insurance claims, as the relevant parties involved — patients, insurers, and medical service providers — not only lacked complete trust in each other, but held important information at different times, with the only way of passing information is through slow, insecure, and expensive processes revolving around paperwork.

HARPO expedites the application and approval process of insurance claims by securely and efficiently connecting insurance companies and medical practitioners. The service saves cost, eliminate cross-border duplicated claims, and provide reliable and relevant patient information to medical institutions and insurance companies. HARPO allows patients to take full control of their own electronic health records, such that the privacy, authentication, and confidentiality can be tuned to achieve the desired balance of these three quantities.

Construction

Data integrity in the construction industry is paramount as it concerns the safety of infrastructure users. Currently, the industry-standard uses centralized, siloed data storage methods, especially in the case of Building Information Modelling - BIM software.

Tendering for services is also a common practice in the construction industry, the digitalisation of this tendering service; e-tendering has created concern and opportunities for improving tendering transparency and fairness.

Integrating BIM software with HARPO’s distributed ledger technology can modernise the trust infrastructure as well as confidence in data integrity for all stakeholders. Additionally, HARPO can also be used as a foundation for e-tendering services which can inherently provide fundamental privacy, transparency, and fairness for the tendering process.

Education

In the world of education, academic credentials are the gateway to a large majority of our professional/academic careers. They can determine whether a candidate has the required qualifications or education for certain roles, whether this be a university degree or a post-secondary/tertiary certification. However, the current system depends on the easily modifiable credential presentations, whether this is a pdf or simply a declaration of one’s qualifications. Therefore, verifiers either take these qualifications at face value or invest in the additional resources to find and verify each credential with the original issuer.

Using the HARPO technology stack, a blockchain-based, verifiable credential ecosystem can be created. This allows verifiers, whether it is academic institutions or corporate organisations to be able to view and trust individual academic credentials with minimal effort. On the individual/holder side, it will improve their opportunities in situations where they may otherwise be discarded due to a lack of confidence in it's authenticity/origin or lack the resource requirments to perform appropriate due diligence on their academic credentials.