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Application of blockchain in Bancassurance
Publish: 2021-05-20 01:05:39
1. Because the digital currency, which is the first generation of blockchain technology, has a huge impact on the financial field, the research and application of blockchain technology has become an important task in today's financial field. In essence, blockchain technology still belongs to a kind of technical means and tools. Its application in the financial field and the real economy is parallel. It has its own relative independence, but it also has a certain degree of intersection. That is to say, its role in promoting the real economy is indirect. 1. No matter in finance or entity, one of the bases of transaction between supply and demand is trust. The current bank to enterprise, enterprise to enterprise and enterprise to person are all linked by money. With the further popularization and wide application of blockchain technology, enterprises and enterprises, or indivials can issue digital currency (Digital credit) by themselves in the future, and the status of banks will change from monopoly operation to equal competition operation in the market. Therefore, the wide application of blockchain technology in the financial field has an indirect impact on the real economy. 2. Blockchain technology is the bridge between reality (entity) and virtual world. Through blockchain technology, the real world can be reconstructed, reconstructed and redefined in the virtual world. For example, the digital currency of real paper money in the virtual world, the digital stock transaction of real stock transaction in the virtual world, the digital settlement, digital customs clearance, digital documents and bills of real import and export trade in the virtual world can greatly improve the efficiency of business process and save the transaction cost. At present, all transactions are inseparable from the bank. The bank plays a central role in the transaction. The application of blockchain technology by the bank will certainly improve the efficiency of its settlement and indirectly promote the efficiency of the real economy, but this impact will graally weaken in the future. Because the biggest feature of blockchain technology is decentralization, its distributed accounting system is a network system without center. 3. In fact, the application of blockchain technology is to value and credit the information flowing on the Internet. Through the blockchain, the information with (use value, exchange value, cultural value) in the Internet is reorganized and newly constructed to form a value Internet. It is of great significance. It will bring revolutionary promotion to both the financial instry and the real economy.
2. To answer this question, let's first introce the core technology of blockchain and the current insurance instry<
Introction to the core technology of blockchain
blockchain mainly solves the trust and security problems of transactions, so it proposes four technological innovations to solve 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 fourth 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<
risk management of policyholders
in the current insurance business, disputes between insurance companies and policyholders occur from time to time, either the policyholders provide false personal information to defraud insurance, or there are differences in the determination of exemption clauses when settling claims. The key to these problems lies in the lack of a real and reliable data collection and storage means for the personal information of the insured
with the advancement of national systematic projects such as medical information digitization and personal credit system, more and more authoritative data sources appear. If these data can be introced and stored on the blockchain, it will become the digital identity of everyone. The data above is authentic, can't be tampered with, real-time synchronization and life-long validity, It will bring great benefits to the risk management of the insured
the first is to get through the data between different companies and refer to each other, so as to discover the information of repeated insurance and historical claims in time, and discover high-risk users in time
secondly, introcing data from different instries into the blockchain can improve the accuracy and efficiency of underwriting and claims verification. For example, if you can query all the medical records of the insured, even the medical records of the immediate family members, on the blockchain, you will have first-hand information about the current physical condition, disease history and family history of the insured, effectively eliminating the insurance with diseases
for example, at present, China's first network mutual aid platform using blockchain technology as the core is concentric mutual aid. 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.
Introction to the core technology of blockchain
blockchain mainly solves the trust and security problems of transactions, so it proposes four technological innovations to solve 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 fourth 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<
risk management of policyholders
in the current insurance business, disputes between insurance companies and policyholders occur from time to time, either the policyholders provide false personal information to defraud insurance, or there are differences in the determination of exemption clauses when settling claims. The key to these problems lies in the lack of a real and reliable data collection and storage means for the personal information of the insured
with the advancement of national systematic projects such as medical information digitization and personal credit system, more and more authoritative data sources appear. If these data can be introced and stored on the blockchain, it will become the digital identity of everyone. The data above is authentic, can't be tampered with, real-time synchronization and life-long validity, It will bring great benefits to the risk management of the insured
the first is to get through the data between different companies and refer to each other, so as to discover the information of repeated insurance and historical claims in time, and discover high-risk users in time
secondly, introcing data from different instries into the blockchain can improve the accuracy and efficiency of underwriting and claims verification. For example, if you can query all the medical records of the insured, even the medical records of the immediate family members, on the blockchain, you will have first-hand information about the current physical condition, disease history and family history of the insured, effectively eliminating the insurance with diseases
for example, at present, China's first network mutual aid platform using blockchain technology as the core is concentric mutual aid. 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.
3. Hello, there is a public service platform of SMIC blockchain (Changsha) in 2020, which seems to have cooperated with Bank of Changsha.
it is an application case of bank blockchain in Hunan, you can check more information to understand
hope to help you.
it is an application case of bank blockchain in Hunan, you can check more information to understand
hope to help you.
4. 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.
5.
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
6. 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.
7. The application is very good. For example, the network mutual aid platform "concentric mutual aid" launched by the blockchain start-up company Abbott Financial Technology Co., Ltd. takes the network mutual aid as the breakthrough point to continuously promote the application and development of blockchain technology in China. Concentric mutual help combines open source code with practical application to realize the deep matching between blockchain technology and network mutual help
mutual help in technology and proct innovation. Technically, through blockchain and big data technology, we can eliminate the defects of traditional network mutual aid mode and establish a new open and transparent network mutual aid platform. In terms of procts, we not only launched the version of undifferentiated experience for the public, but also launched the network mutual aid procts for the subdivided population, and selected the IT practitioners in the severe health disaster area as the first group to cut into the crowd, creating a precedent of network mutual aid instry model innovation
e to the technical characteristics of blockchain, concentric mutual aid has three characteristics:
first of all, all capital flows are open and transparent, which can not be forged or tampered with, and each user can exercise the right of supervision
secondly, the transfer of all funds can only be carried out in accordance with the open smart contract, and there is no legal person for misappropriation and intervention
finally, each user's personal sensitive information will be highly encrypted, and other people can't access it
based on the above three points, the problems existing in the traditional network mutual assistance mode have been solved one by one. In addition, in order to ensure the authenticity of the payment, the new "jury" system has been established in the supervision mechanism, which forms a professional identification system with lawyers, doctors, judges, police and other public officials, so as to ensure the authenticity and reliability of each payment, and completely eliminate the most critical defects of traditional network mutual assistance.
mutual help in technology and proct innovation. Technically, through blockchain and big data technology, we can eliminate the defects of traditional network mutual aid mode and establish a new open and transparent network mutual aid platform. In terms of procts, we not only launched the version of undifferentiated experience for the public, but also launched the network mutual aid procts for the subdivided population, and selected the IT practitioners in the severe health disaster area as the first group to cut into the crowd, creating a precedent of network mutual aid instry model innovation
e to the technical characteristics of blockchain, concentric mutual aid has three characteristics:
first of all, all capital flows are open and transparent, which can not be forged or tampered with, and each user can exercise the right of supervision
secondly, the transfer of all funds can only be carried out in accordance with the open smart contract, and there is no legal person for misappropriation and intervention
finally, each user's personal sensitive information will be highly encrypted, and other people can't access it
based on the above three points, the problems existing in the traditional network mutual assistance mode have been solved one by one. In addition, in order to ensure the authenticity of the payment, the new "jury" system has been established in the supervision mechanism, which forms a professional identification system with lawyers, doctors, judges, police and other public officials, so as to ensure the authenticity and reliability of each payment, and completely eliminate the most critical defects of traditional network mutual assistance.
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