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Background of blockchain insurance
Publish: 2021-05-03 00:48:26
1. The insurance process can be divided into blockchains. The insured can be any institution or indivial, and the policy terms can also be customized by community professionals; Data storage is more secure, because every "decentralized" node will share, there is no private tampering problem; The smart contract is executed automatically, and the claim settlement process will not be controlled by external forces. In general, the integration of blockchain and insurance can greatly improve the efficiency of the insurance instry
for example, there is gre global risk exchange.
for example, there is gre global risk exchange.
2. 1.
blockchain makes the insurance instry personalized. The so-called personalized insurance mainly refers to that insurance companies can perform different insurance liabilities according to different scenarios, and automatically claim the losses caused by sudden risks according to the relevant agreements in the insurance contract
2.
blockchain helps emerging markets of insurance instry. In some emerging markets, blockchain can use its smart contract function to deal with small and micro businesses...
3.
blockchain can improve customer participation in insurance instry, Customer data can be said to be the basic basis for risk management...
4.
blockchain can be applied to special risks in the insurance instry. Generally speaking, if you need to buy insurance for artworks or other valuables
blockchain makes the insurance instry personalized. The so-called personalized insurance mainly refers to that insurance companies can perform different insurance liabilities according to different scenarios, and automatically claim the losses caused by sudden risks according to the relevant agreements in the insurance contract
2.
blockchain helps emerging markets of insurance instry. In some emerging markets, blockchain can use its smart contract function to deal with small and micro businesses...
3.
blockchain can improve customer participation in insurance instry, Customer data can be said to be the basic basis for risk management...
4.
blockchain can be applied to special risks in the insurance instry. Generally speaking, if you need to buy insurance for artworks or other valuables
3. First of all, let me tell you about the core technology of blockchain
blockchain mainly solves the trust and security problems of transactions, so it proposes four technological innovations for this problem:
the first one is called distributed ledger, which is that transaction bookkeeping is completed by multiple nodes distributed in different places, and each node records complete accounts, Therefore, they can participate in the supervision of the legitimacy of the transaction, but also can jointly testify for them. Different from the traditional centralized accounting scheme, no single node can record accounts separately, so as to avoid the possibility that a single bookkeeper is controlled or bribed to record false accounts. On the other hand, because there are enough accounting nodes, in theory, unless all nodes are destroyed, the accounts will not be lost, thus ensuring the security of the account data
the second is called symmetric encryption and authorization technology. The transaction information stored on the blockchain is public, but the account identity information is highly encrypted, which can only be accessed under the authorization of the data owner, thus ensuring the data security and personal privacy
the third mechanism is called consensus mechanism, which is how to reach a consensus among all accounting nodes to determine the validity of a record. This is not only a means of identification, but also a means of preventing tampering. Blockchain proposes four different consensus mechanisms, which are suitable for different application scenarios and achieve a balance between efficiency and security. Taking bitcoin as an example, the workload proof is adopted. Only when more than 51% of the accounting nodes in the whole network are controlled can a nonexistent record be forged. When there are enough nodes to join the blockchain, this is basically impossible, thus eliminating the possibility of fraud
the last technical feature is called smart contract, which is based on these trusted and tamperable data and can automatically execute some pre-defined rules and terms. Take insurance as an example. If everyone's information (including medical information and risk occurrence information) is true and reliable, it is easy to carry out automatic claim settlement in some standardized insurance procts
in the daily business of insurance companies, although the transactions are not as frequent as those in the banking and securities instries, the reliance on trusted data is increasing. During the operation of insurance companies, risks caused by various reasons occur from time to time, so the regulatory authorities can only take measures of pre audit or post constraint. However, with the increasing opening of the front end of the insurance business, enterprises participating in the insurance market are becoming more and more diversified, and the demand for in-process supervision is becoming increasingly prominent
as long as the insurance company moves its daily operation process to the blockchain and develops an accounting node (even a read-only accounting node) from the regulatory authority, the regulatory authority can observe all the business trends of the insurance company in real time. Tongxin society is the first domestic application project of blockchain technology and an open mutual aid information service platform. For example, there is no need to wait for the insurance company to declare afterwards, so as to discover the possible business risks and illegal operations in time.
blockchain mainly solves the trust and security problems of transactions, so it proposes four technological innovations for this problem:
the first one is called distributed ledger, which is that transaction bookkeeping is completed by multiple nodes distributed in different places, and each node records complete accounts, Therefore, they can participate in the supervision of the legitimacy of the transaction, but also can jointly testify for them. Different from the traditional centralized accounting scheme, no single node can record accounts separately, so as to avoid the possibility that a single bookkeeper is controlled or bribed to record false accounts. On the other hand, because there are enough accounting nodes, in theory, unless all nodes are destroyed, the accounts will not be lost, thus ensuring the security of the account data
the second is called symmetric encryption and authorization technology. The transaction information stored on the blockchain is public, but the account identity information is highly encrypted, which can only be accessed under the authorization of the data owner, thus ensuring the data security and personal privacy
the third mechanism is called consensus mechanism, which is how to reach a consensus among all accounting nodes to determine the validity of a record. This is not only a means of identification, but also a means of preventing tampering. Blockchain proposes four different consensus mechanisms, which are suitable for different application scenarios and achieve a balance between efficiency and security. Taking bitcoin as an example, the workload proof is adopted. Only when more than 51% of the accounting nodes in the whole network are controlled can a nonexistent record be forged. When there are enough nodes to join the blockchain, this is basically impossible, thus eliminating the possibility of fraud
the last technical feature is called smart contract, which is based on these trusted and tamperable data and can automatically execute some pre-defined rules and terms. Take insurance as an example. If everyone's information (including medical information and risk occurrence information) is true and reliable, it is easy to carry out automatic claim settlement in some standardized insurance procts
in the daily business of insurance companies, although the transactions are not as frequent as those in the banking and securities instries, the reliance on trusted data is increasing. During the operation of insurance companies, risks caused by various reasons occur from time to time, so the regulatory authorities can only take measures of pre audit or post constraint. However, with the increasing opening of the front end of the insurance business, enterprises participating in the insurance market are becoming more and more diversified, and the demand for in-process supervision is becoming increasingly prominent
as long as the insurance company moves its daily operation process to the blockchain and develops an accounting node (even a read-only accounting node) from the regulatory authority, the regulatory authority can observe all the business trends of the insurance company in real time. Tongxin society is the first domestic application project of blockchain technology and an open mutual aid information service platform. For example, there is no need to wait for the insurance company to declare afterwards, so as to discover the possible business risks and illegal operations in time.
4. Easy chips EAS summed up a sentence to describe the blockchain is the most appropriate: professional, real, fast. And can use the virtual currency transaction! Please accept my answer. Thank you very much. If there is any need, you can ask, thank you!
5. The problem of insurance fraud has always been the malpractice of the traditional insurance instry. Whether it is the malicious deception of the insured or the insurance institutions using asymmetric information to cheat the insured, these are the problems that exist in the insurance instry and are difficult to solve
if the blockchain technology is combined with the insurance instry, and the openness and transparency of the blockchain technology are used, the fraud caused by information asymmetry will be effectively prevented. It can also make use of the characteristics of blockchain technology, such as non tampering and traceability, to effectively save the contract terms and provide a real and reliable basis for claims settlement
Insurance and blockchain
and in blockchain insurance, there is no need to pay a lot of enterprise operating costs. In the traditional insurance, the use efficiency of funds is very low. If it is changed to blockchain insurance mode, the insured amount will be extremely low but the claim amount will be extremely high
the above are the advantages of blockchain insurance. I hope we can help you understand why blockchain insurance is attached great importance.
if the blockchain technology is combined with the insurance instry, and the openness and transparency of the blockchain technology are used, the fraud caused by information asymmetry will be effectively prevented. It can also make use of the characteristics of blockchain technology, such as non tampering and traceability, to effectively save the contract terms and provide a real and reliable basis for claims settlement
Insurance and blockchain
and in blockchain insurance, there is no need to pay a lot of enterprise operating costs. In the traditional insurance, the use efficiency of funds is very low. If it is changed to blockchain insurance mode, the insured amount will be extremely low but the claim amount will be extremely high
the above are the advantages of blockchain insurance. I hope we can help you understand why blockchain insurance is attached great importance.
6. Although the application of blockchain technology in the insurance instry is mostly in the stage of technical verification, the rapid development of application scenarios indicates that the technology will bring transformative impact to the insurance instry. Some IT giants, such as Microsoft, IBM, Oracle, Alibaba and Tencent, have begun to lay out in the blockchain field, and some have even launched procts or services based on blockchain technology
according to the in-depth analysis report on business model innovation and investment opportunities of China's blockchain instry published by foresight Instry Research Institute, at present, the application of blockchain in the insurance instry at home and abroad mainly includes the following categories: the first category is to use blockchain technology to complete insurance contracts according to the established rules when a certain condition is triggered, such as flight delay insurance, flight delay insurance, etc Unemployment insurance, etc; The second is reinsurance and coinsurance. In the transaction matching and settlement of reinsurance and coinsurance business, blockchain is used to enhance the efficiency and transparency of transaction and settlement; The third type is used to track the proction / growth process of commodities. The traceable characteristics of blockchain are used to track the breeding process of agricultural procts or the proction and circulation of valuables
in the long run, the application of blockchain in the insurance instry is likely to bring revolutionary and disruptive changes e to its broad development prospects and numerous business convergence points.
according to the in-depth analysis report on business model innovation and investment opportunities of China's blockchain instry published by foresight Instry Research Institute, at present, the application of blockchain in the insurance instry at home and abroad mainly includes the following categories: the first category is to use blockchain technology to complete insurance contracts according to the established rules when a certain condition is triggered, such as flight delay insurance, flight delay insurance, etc Unemployment insurance, etc; The second is reinsurance and coinsurance. In the transaction matching and settlement of reinsurance and coinsurance business, blockchain is used to enhance the efficiency and transparency of transaction and settlement; The third type is used to track the proction / growth process of commodities. The traceable characteristics of blockchain are used to track the breeding process of agricultural procts or the proction and circulation of valuables
in the long run, the application of blockchain in the insurance instry is likely to bring revolutionary and disruptive changes e to its broad development prospects and numerous business convergence points.
7. Using blockchain technology to transform and upgrade the traditional insurance instry, in addition to online insurance for risks in real life, we can also manage and trade risk contracts. Moreover, the decentralized transaction process of the blockchain can ensure the confidentiality of data and information, and because of the automatic execution mechanism of the smart contract, the claim settlement is also more guaranteed.
8.
At present, there are many mutual insurance companies, but the mutual insurance platform that uses blockchain technology only has mutual assistance. It can be regarded as the network mutual assistance platform (mutual insurance) that really applies blockchain technology and lands. Not all mutual insurance companies are using blockchain technology, just the concept of blockchain
How to buy insurance, which is better, hand in hand to teach you to avoid these "pits" of insurance9.
Blockchain technology also has incomparable advantages in the insurance instry. From the perspective of data management, the application of blockchain technology can effectively improve the risk management and control ability of insurance companies, including the risk supervision of insurance companies and the risk management of policyholders
The application of 
blockchain technology in insurance instry can strengthen the internal risk supervision of insurance companies. Blockchain technology can record the daily operation process of insurance company on the node, realize the in-process control of the company's capital flow, investment situation, compensation amount and other business, and improve the company's risk management and control ability
in addition, the blockchain technology is safe, reliable and can not be tampered with at will, which ensures that the information obtained by the policyholder is true and effective, and enhances the risk management ability of the policyholder
10. Blockchain technology has been applied to the art instry, legal instry, development instry, real estate instry and insurance instry
at present, tongshe mutual aid is the first network mutual aid platform applying blockchain technology in China. On the basis of traditional mutual aid platform, with the help of blockchain technology, it realizes decentralized information sharing, innovates and realizes comprehensive and transparent operation, and builds a fair, just, open, safe and efficient open mutual aid information service platform for the public
it may be applied to more instries in the future.
at present, tongshe mutual aid is the first network mutual aid platform applying blockchain technology in China. On the basis of traditional mutual aid platform, with the help of blockchain technology, it realizes decentralized information sharing, innovates and realizes comprehensive and transparent operation, and builds a fair, just, open, safe and efficient open mutual aid information service platform for the public
it may be applied to more instries in the future.
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