Tassat and Veuu partner to offer blockchain-based health insurance payment service

Tassat has reached a partnership with Veuu, a startup that uses artificial intelligence to process medical insurance claims and payments. It is reported that Tassat's private blockchain banking solution has been deployed by six banks and used to process over $2 trillion in transactions. Tassat's blockchain banking solution allows customers of the same bank to use tokenized deposits to make instant payments to each other. Like JPM Coin (renamed Kinexys Digital Payments) by JPMorgan Chase, it uses smart contracts to automatically execute transactions.