Insurance tech - Blockchain technology eliminate trust problem in insurance
Insurance tech
Blockchain technology eliminate trust problem in insurance
Screenshots
.png)
Hunter's comment
Blockchain technology to eliminate the core challenge of trust in the insurance claims industry. Hence came the requirement of design and development of a version of dApp (decentralized app) taking 4 parties into account -
Customer
Hospital
Insurance provider
Bank
Hyperledger fabric is the core technology for building the platform. Through this platform, both the customer's cashless and reimbursement claims will be processed automatically. All parties are coming together.
In the long conventional method of claiming insurance, there are multiple processes involved. All the parties mentioned above coordinate to retrieve data/records. The process of digging up these dates and coordinating with information flow back and forth gets very confusing, unorganized, and tedious.
After the development of this new platform, signature-based certificates get attached to every document and the process gets automated via Smart Contracts, helping users complete their insurance claims in approx
Link
https://blockchainatbirthvenue.web.app/blockchainApp/insuretechDemo
This is posted on Steemhunt - A place where you can dig products and earn STEEM.
View on Steemhunt.com