What is blockchain insurance

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.

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

3. 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!

4. 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.

5. 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.

6. I saw a message on the news that the first concentric mutual aid platform using blockchain technology and network mutual aid in China went online on July 9, 2016. It should be regarded as a network mutual aid platform for blockchain insurance.

7.

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

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8.

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

9. 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.

10. In the field of blockchain technology research and development in China, Zhongan technology is quite good. Shanghai insurance regulatory bureau takes the lead in building a blockchain reinsurance platform, and Zhongan also has direct participation.