Bankruptcy Google Glass APP
Bankruptcy is a legal status of a person or organization that cannot repay the debts it owes to creditors.In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
Imagine a Glass APP that tells you the credibility status of a person. People who enter a bank get geo location based triggers to show their credit status and debt status via the Bankruptcy Glass APP
Bankruptcy is not the only legal status that an insolvent person or organization may have, and the term bankruptcy is therefore not a synonym for insolvency. In some countries, including the United Kingdom, bankruptcy is limited to individuals, and other forms of insolvency proceedings (such as liquidation and administration) are applied to companies. In the United States, bankruptcy is applied more broadly to formal insolvency proceedings.
#ifihadglass As a healthcare benefit consultant I would link my glasses to the healthcare benefit app we created that uses ICD and QR codes allowing patients to know in real time at the Doctor’s office what procedures are subject to their deductible, how the procedures are being billed, offering alternatives, and allowing them to keep a personal health record. This (we hope) would help the majority of plan participants avoid unknown costs and reduce healthcare related bankruptcies.