insurances
Blockchain brings unprecedented transparency to insurance. Thanks to the immutable and decentralized nature of the blockchain, transactions and insurance contracts can be recorded in a secure and verifiable way.
Thus, we can avoid the risks of fraud and manipulation of data, reinforcing trust between different parties. industry stakeholders.
Smart contracts, based on blockchain technology, considerably reduce the complexity of administrative procedures in the insurance sector. Thanks to the automation of processes, contracts can be executed autonomously as soon as the predefined conditions are met.
For example, we can reduce the time for underwriting, paying premiums and settling claims.
The protection of sensitive data is a major concern for insurers. Blockchain offers a robust solution when it comes to data security and privacy. Customers' personal information, such as medical records or claims history, may be stored encrypted and selectively shared with authorized parties (only).
