1 thought on “Insurance industry blockchain application”
Shelia
To answer this question, let's first introduce the core technology introduction of the blockchain and the current insurance industry. The introduction of the core technology of blockchain The trust and security issues of the transaction that mainly solved the blockchain. Therefore, it proposed four technological innovations for this problem: The first called distributed ledger That is, the trading bookkeeping is completed by multiple nodes distributed in different places, and each node records complete accounts, so they can participate in supervising the legitimacy of the transaction, and at the same time, they can also testify. Different from the traditional centralized bookkeeping plan, no node can record the accounts separately, thereby avoiding the possibility of a single ledger controlled or bribed and bribed. On the other hand, because there are enough bookkeeping nodes, theoretically, unless all nodes are destroyed, the accounts will not be lost, which will ensure the security of account data. The second one is called symmetrical encryption and authorization technology. The transaction information stored on the blockchain is public, but the account identity information is highly encrypted. Ensure the security of data and personal privacy. The third is called a consensus mechanism, which is how to achieve consensus between all bookkeeping nodes to determine the effectiveness of a record. This is both a means of identification and a means to prevent tampering. The blockchain proposes four different consensus mechanisms, which is suitable for different application scenarios, and a balance between efficiency and security. Taking Bitcoin as an example, the workload proof is used. Only when the entire network of more than 51%of the accounting nodes is controlled, it is possible to forge a record that does not exist. When there are enough nodes to join the blockchain, this is basically impossible, thereby eliminating the possibility of fraud. The fourth technical characteristics are called smart contracts. Smart contracts are based on these credible and unable to tampered with data. They can automatically implement some pre -defined rules and terms. Taking insurance as an example, if everyone's information (including medical information and information that occurs in risks) is true and credible, it is easy to automate claims in some standardized insurance products. The insurance risk management In the current insurance operations, the disputes between insurance companies and insurers occur from time to time. Differential determinations. The key to these issues is that the personal information of the insured lacks a true and credible data collection and storage means. . With the advancement of national engineering such as digitalization of medical information and personal credit reporting system, more and more authoritative data sources appear. With everyone's digital identity, the data above is true and credible, cannot be tampered with, and synchronizes in real time. Lifetime is effective, which will bring great benefits to the risk management of the insured. The first is to open up the data between different companies and refer to each other, so as to timely discover information such as repeated insurance, historical claims, and timely discover high -risk users. The second is the introduction of data from different industries into the blockchain, which can improve the accuracy and efficiency of underwriting and claims. For example of a critical illness insurance example, if you can check all the medical records of the insured on the blockchain, and even the direct record of the relatives of the relatives, you will have one hand for the current physical condition, illness history, and family history of the insurer. Data, effectively eliminate illness insurance. For example, at present, the first domestic network mutual assistance platform with blockchain technology as the core is concentric and mutual assistance. Based on the traditional mutual assistance platform, use blockchain technology to achieve decentralized information sharing, innovate and achieve comprehensive transparency operations To build a fair, fair, open, safe and efficient open -minded mutual assistance information service platform for the public. Extension reading: [insurance] How to buy, which one is good, teach you to avoid these "pits"
To answer this question, let's first introduce the core technology introduction of the blockchain and the current insurance industry.
The introduction of the core technology of blockchain
The trust and security issues of the transaction that mainly solved the blockchain. Therefore, it proposed four technological innovations for this problem:
The first called distributed ledger That is, the trading bookkeeping is completed by multiple nodes distributed in different places, and each node records complete accounts, so they can participate in supervising the legitimacy of the transaction, and at the same time, they can also testify. Different from the traditional centralized bookkeeping plan, no node can record the accounts separately, thereby avoiding the possibility of a single ledger controlled or bribed and bribed. On the other hand, because there are enough bookkeeping nodes, theoretically, unless all nodes are destroyed, the accounts will not be lost, which will ensure the security of account data.
The second one is called symmetrical encryption and authorization technology. The transaction information stored on the blockchain is public, but the account identity information is highly encrypted. Ensure the security of data and personal privacy.
The third is called a consensus mechanism, which is how to achieve consensus between all bookkeeping nodes to determine the effectiveness of a record. This is both a means of identification and a means to prevent tampering. The blockchain proposes four different consensus mechanisms, which is suitable for different application scenarios, and a balance between efficiency and security. Taking Bitcoin as an example, the workload proof is used. Only when the entire network of more than 51%of the accounting nodes is controlled, it is possible to forge a record that does not exist. When there are enough nodes to join the blockchain, this is basically impossible, thereby eliminating the possibility of fraud.
The fourth technical characteristics are called smart contracts. Smart contracts are based on these credible and unable to tampered with data. They can automatically implement some pre -defined rules and terms. Taking insurance as an example, if everyone's information (including medical information and information that occurs in risks) is true and credible, it is easy to automate claims in some standardized insurance products.
The insurance risk management
In the current insurance operations, the disputes between insurance companies and insurers occur from time to time. Differential determinations. The key to these issues is that the personal information of the insured lacks a true and credible data collection and storage means.
. With the advancement of national engineering such as digitalization of medical information and personal credit reporting system, more and more authoritative data sources appear. With everyone's digital identity, the data above is true and credible, cannot be tampered with, and synchronizes in real time. Lifetime is effective, which will bring great benefits to the risk management of the insured.
The first is to open up the data between different companies and refer to each other, so as to timely discover information such as repeated insurance, historical claims, and timely discover high -risk users.
The second is the introduction of data from different industries into the blockchain, which can improve the accuracy and efficiency of underwriting and claims. For example of a critical illness insurance example, if you can check all the medical records of the insured on the blockchain, and even the direct record of the relatives of the relatives, you will have one hand for the current physical condition, illness history, and family history of the insurer. Data, effectively eliminate illness insurance.
For example, at present, the first domestic network mutual assistance platform with blockchain technology as the core is concentric and mutual assistance. Based on the traditional mutual assistance platform, use blockchain technology to achieve decentralized information sharing, innovate and achieve comprehensive transparency operations To build a fair, fair, open, safe and efficient open -minded mutual assistance information service platform for the public.
Extension reading: [insurance] How to buy, which one is good, teach you to avoid these "pits"