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Can blockchain be used as insurance
Publish: 2021-05-29 02:45:23
1. 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
2. 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!
3. Easy chip EAS blockchain insurance can guarantee its own security, and you can rest assured. It is also transparent and automatic.
4. 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.
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.
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
7. 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.
8. Taking Tongxin mutual aid platform as an example, the network mutual aid application based on the blockchain platform can maximize the absolute security of funds, protocols and information, and improve the risk control ability, which is shown in the following aspects:
the flow of funds is transparent
all the details of the flow of funds are recorded on the blockchain, The data can not be forged and tampered to ensure the authenticity and effectiveness of the data. All regulatory units, public media and ordinary users can view and supervise the data at any time
efficient rule execution
all fund transfers are executed in accordance with open and tamperable smart contracts. Once determined, they can be executed accurately. No one can intervene, and no legal person can misappropriate or intervene, which improves the efficiency of rule execution
user information security
all personal sensitive information is highly encrypted storage, unless authorized by the user, other people can not access and steal
services will never be down
network mutual assistance running on the public chain does not depend on whether a central server is online, which can ensure that the services provided will never be down
to sum up, the blockchain technology is fully applied to the network mutual aid to ensure the security of users' sensitive information to the maximum extent, at the same time, enhance the transparency of network mutual aid, and enhance the trust between mutual aid workers, mutual aid workers and companies, mutual aid workers and third-party organizations.
the flow of funds is transparent
all the details of the flow of funds are recorded on the blockchain, The data can not be forged and tampered to ensure the authenticity and effectiveness of the data. All regulatory units, public media and ordinary users can view and supervise the data at any time
efficient rule execution
all fund transfers are executed in accordance with open and tamperable smart contracts. Once determined, they can be executed accurately. No one can intervene, and no legal person can misappropriate or intervene, which improves the efficiency of rule execution
user information security
all personal sensitive information is highly encrypted storage, unless authorized by the user, other people can not access and steal
services will never be down
network mutual assistance running on the public chain does not depend on whether a central server is online, which can ensure that the services provided will never be down
to sum up, the blockchain technology is fully applied to the network mutual aid to ensure the security of users' sensitive information to the maximum extent, at the same time, enhance the transparency of network mutual aid, and enhance the trust between mutual aid workers, mutual aid workers and companies, mutual aid workers and third-party organizations.
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