system and method for reducing fraud in commercial insurance and financing

摘要

The invention relates to a system and method for providing insurance and commercial financing. The system for facilitating commercial insurance and financing comprises a central controller arranged to communicate with one or more databases to electronically obtain information from the databases, wherein the information includes an invoice; and a blockchain concentrator operationally connected to the central controller to circulate central controller information to one or more platforms, the blockchain concentrator capable of generating hash response output based on a request from one or more platforms, in which case If the invoice meets at least one predetermined criterion, the central controller provides the invoice to an insurer for insurance and to a funder to finance the invoice.