International Journal of Computer
Trends and Technology

Research Article | Open Access | Download PDF

Volume 69 | Issue 3 | Year 2021 | Article Id. IJCTT-V69I3P102 | DOI : https://doi.org/10.14445/22312803/IJCTT-V69I3P102

Blockchain in Insurance Industry

Chandra Kudumula

Received Revised Accepted
15 Jan 2021 03 Mar 2021 05 Mar 2021

Citation :

Chandra Kudumula, "Blockchain in Insurance Industry," International Journal of Computer Trends and Technology (IJCTT), vol. 69, no. 3, pp. 5-9, 2021. Crossref, https://doi.org/10.14445/22312803/ IJCTT-V69I3P102

Abstract

Based on Blockchain technology`s unique nature, it solves many problems in the public and private sectors. One of those sectors is Insurance Industry. In this article, I will give a brief introduction to Blockchain and how it works. Types of Blockchain networks and benefits of Blockchain. Primary use cases of Blockchain for the Insurance Industry and Blockchain benefits to the Insurance Industry.

Keywords

Blockchain, Blockchain in Insurance, Blockchain Use cases in Insurance

References

[1] www.medium.com/insurtech-vc/blockchain-becomes-thetouchstone-for-insurance-intermediaries-d31e57f8b50e
[2] www.insnerds.com/blockchain-vs-insurance-fraud/
[3] www.woa.community/l/library/download/urn:uuid:d97f25a2- 0bbf-4ad6-a66aa1744c5c0b7e/blockchain+and+the+insurance+ industry.pdf?format=save_to_disk&ext=.pdf.
[4] www.cbinsights.com/research/blockchain-insurance-disruption/.
[5] www.idginsiderpro.com/article/3301163/how-blockchain-isdisrupting-the-insurance-industry-for-the-better.html
[6] www.insurancejournal.com/news/national/2017/12/27/475346.htm
[7] www.cryptouniversity.co.za/making-a-blockchain-poweredinsurance-industry-reality/
[8] www.insnerds.com/5-ways-blockchain-will-revolutionize-insuranceecosystem/
[9] www2.deloitte.com/content/dam/Deloitte/us/Documents/financialservices/us-fsi-blockchain-in-insurance-ebook.pd