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Disrupting Insurance Industry Using Blockchain

  • Pridhvi Krishna MeduriEmail author
  • Somesh Mehta
  • Kartik Joshi
  • Sagar Rane
Conference paper
Part of the Lecture Notes on Data Engineering and Communications Technologies book series (LNDECT, volume 26)

Abstract

In this paper, we designed a blockchain based insurance platform that support faster claim processing. To look at blockchain’s potential part in insurance this paper explorer’s ways the innovation can enable insurers to rearrange claims handling a procedure that requires an as of now damaged recipient to experience a tedious movement to process claims. We look at where a blockchain based arrangement can join the present passing enrollment and demise claims handled into a solitary, disentangled strategy requiring least mediation from different partners. With its capability to transform business procedures and plans of action, blockchain and its public record could give organization an impressive upper hand.

Keywords

Blockchain Ethereum Hyperledger Insurance industry 

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Pridhvi Krishna Meduri
    • 1
    Email author
  • Somesh Mehta
    • 1
  • Kartik Joshi
    • 1
  • Sagar Rane
    • 1
  1. 1.Army Institute of Technology, Dighi HillsPuneIndia

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