Nowadays,
insurance sector has begun to expose some questions, meanwhile, the new
advanced technology—— Blockchain will take great changes to the industry. In other way,
it means insurance markets embrace
Blockchain, many Blockchain experts offer solutions to solve the present
issues.
What is the market
situation?
For insurance enterprise:
l Fast growth
for the insurance fee, enterprise profits declined
l Increased
market entity, types of insurance diversified
l High labor
cost, strong dependence
For customers:
l Difficult to
choose
l High product
price
l Marketing
harassment & misleading
From above questions, people has begun to realize
that Blockchain is a great match for reinsurance and that smart contracts lend
itself to the complexities of offsetting risk and managing multiple parties,
each with a role to play and financial interest in getting it right the first
time.
However, the concepts with Blockchain has yet to
be accepted in insurance markets, and there is no well-developed and Blockchain-based
service plarform. Many companies try to make complex technologies easier to use
and experiment with. It still has a long
way to do with the decentralized applications.
Shuqin Tech is a Blockchain company, they have
organized to accelerate their Blockchain thinking, plane and development to the
real-world projects. For the insurance smart platform, they also proposed the
platform model conception:
Their first
product Baoquan.com is for data attestation based on Blockchain. This platform
is focusing on filling the gaps and resolve the pain point for fintech
industry, and has constructed an infrastructure with “Third-party” data
preservation, credit enhancement, and truth verification.
For more solutions:
https://www.baoquan.com/en/
If you are a Blockchain developer, if you are familiar with IBM Hyerledger, Ethereum, siacoin or bitcoin, if you are good at golang language, if you wanna change your position, if you wanna fight in Blockchain field, if you are seeking for a better life, please contact us: js@baoquan.com
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