BLOCKCHAIN IN INSURANCE

INSURANCE

Decentralization and Distribution concept plays huge role in overcoming the fraudulent activities prevailing in insurance sector. The encryption technique of the blockchain uses to with-hold the mishap records independently and provides no way to duplicate or tamper the authenticy of the insurance policies, client records and above to all, the custom predefined smart contract based escrow system plugged in to the blockchain power insurance settles the value transfer and benefits as per the policy without disputes.

PROBLEMS

HEALTH INSURANCE

  • Massive processing time leads to inappropriate activities and unfavourable policy adjustments.
  • Management Complexity in dealing multi party insurance.
  • Hogher application processing cost

VEHICLE INSURANCE

  • Fake accident proofs for claiming insurance.
  • Inconsistency in renewal of insurance
  • Unrecorded accidents and civil code cheatings.

SOLUTION

    • Fraud detection & risk prevention

    • Eniter process is monitored by the admin side. Admin and other major nodes approval is needed to topple the blockchain

    • Multiple and Multilayer verification

    • Interconnected nodes cross verify each blocks of information in blockchain powered insurance policy

    • Vehicle tracking

    • Peer to peer device tracking can be enabled to track the vehicle through block data analysis

    • Autheticity verification

    • Suspecious activities and duplicating identities are prohibited through

    • Smart Insurance

    • Automized approvals based on the previous records and civil code value

    • Distributed ledger

    • Allows access to the legit information of the particular policy for witnessing the truth

    • Digital tokens instead of fiat

    • Easy to store in digital wallets, manage and enables faster transaction

Custom Blochain apps for insurance

Timezones

Clocks+ helps you break the barriers of space and time to get information for any city you like. You can search for and organise your favorite cities so that you can easily find out the correct local time.

Alarms

Nobody wants to miss out on important events, but sometimes, it’s hard to find the time in another city. Clocks+ lets you set alarms for your favorite cities in a simple and intuitive way.

Widgets/Today Extension

Clocks+ wouldn’t be a modern app without Widgets. Your favorite cities appear in the Today View with just a swipe down, for quick glancing, Did we mention that they look awesome, too?

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Contact Us

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91-9618077571

Email Us At

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Image Gardens Rd,HITECH City Hyd-500081








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