This project showcases the use of blockchain in insurance domain for claim processing. Blockchain guarantees transparent and improved claims processing through smart contracts catapulting customer satisfaction to new levels.
How it Works
We have four participants, namely insurance, police, repair shop and shop peer. Insurance peer is the insurance company providing the insurance for the products and it is responsible for processing the claims. Police peer is responsible for verifying the theft claims. Repair shop peer is responsible for repairs of the product while shop peer sells the products to consumer.