Health In Tech (NASDAQ: HIT) has signed a non-binding letter of intent with AlphaTON Capital (NASDAQ: ATON) to jointly develop a blockchain-based health insurance claims processing platform HITChain, which is based on the open network (TON). The platform aims to address inefficiencies, fraud, and lack of transparency in the $4.5 trillion U.S. healthcare market, where annual claims management costs exceed $300 billion. Health In Tech will provide insurance expertise and market relationships, while AlphaTON will provide blockchain infrastructure and security protocols.

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