Concept Note (English Version) Prepared by: Sittipol Patnual Category: InsurTech / Blockchain / Layer 2 / Web3

Core Idea FabMatch proposes a Layer 2 Blockchain solution designed to improve efficiency, transparency, and scalability in the insurance industry-covering health, life, accident, and auto insurance. By leveraging Smart Contracts and Tokenized Claim Management modules, the system is designed to integrate with insurance firms both in Thailand and internationally. Current Industry Challenges
Complex, slow claim process lacking transparency Manual document verification and delayed and delayed approvals High operational costs Limited auditability and real-time data sharing poor integration between insurers and healthcare/vehicle partners

Layer 2 Blockchain Solutions

1. L 2 Rollups or Validium: Enable high-speed, low-cost claim transactions with Layer verification 2. Modular Smarts: To manage policies, claims, KYC, and risk scoring 3. Utility & Governance Tokens: For staking, voting, and access control in decentralized validation processes 4. Off-chain Data Integration via Oracles: Connects with hospitals, clinics, transport departments, and inspection services securely 5. Decentralized Claim Verification: Enables community or AI-powered third-party validators for faster, trusted claim approval Benefits foInsurance Providers Significantly reduced operational cost Increased customer trust with transparent processes Access to tech-savvy Web3 customer segments Scalable system architecture for cross-border market expansion

Project Status Currently in concept proposal stage Open for collaboration with developers and insurers Planning a Proof of Concept (PoC) prototype Actively seeking adopterand investor interest Contract FabMatch By: Sittipol Patnual Email: [email protected] LinkedIn:https://www.linkedin.com/in/sittipol-patnual-985283233