Traditional insurance policy settlement is a manual process that is never hassle‐free. There
are many issues, such as hidden conditions from the insurer or fraud claims by the insured …

In the current medical insurance claims process, there are problems of low efficiency and
complex services. When a patient applies for medical insurance claims, he/she must go to …

The insurance industry is heavily dependent on several processes executed among multiple
entities, such as insurer, insured, and third-party services. The increasingly competitive …

A smart contract is an agreement among the nodes on the blockchain network. They run on
a blockchain and stored it on a public ledger. It is a computer protocol used to digitally …

Ever since the first generation of blockchain technology became very successful and the
FinTech enormously benefited from it with the advent of cryptocurrency, the second and third …

Blockchain is receiving increasing attention from academy and industry, since it is
considered a breakthrough technology that could bring huge benefits to many different …

Blockchain technologies paired with smart contracts exhibit the potential to transform the
global insurance industry. The recent evolution of smart contracts and their fast adoption …

Blockchain technology has evolved into many applications and it has many advantages,
especially in insurance business, because the Blockchain solutions minimize the time to …

On top of distributed computing, Bitcoin was implemented as cryptocurrency. Bitcoin
originally came with blockchain technology to protect coins from misuse. Blockchain …

The existing vehicle insurance system faces number of challenges like frauds, absence of
P2P insurance, no timely settlement of claims and absence of on-demand insurance …