Disrupting Insurance Industry Using Blockchain

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.