Tassat has partnered with Veuu, a startup that uses artificial intelligence to handle Medicare claims processing and payments. It is reported that Tassat's private blockchain banking solution has been deployed by six banks and used to process transactions over $2 trillion. Tassat's blockchain banking solution enables customers of the same bank to make instant payments to each other using tokenized deposits. Like JPMorgan's JPM Coin (renamed Kinexys Digital Payments), it uses smart contracts to automate transactions.