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Blockchain's Insurance Business Implementation

by Akshay Sehgal
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International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 174 - Number 3
Year of Publication: 2017
Authors: Akshay Sehgal
10.5120/ijca2017915361

Akshay Sehgal . Blockchain's Insurance Business Implementation. International Journal of Computer Applications. 174, 3 ( Sep 2017), 32-37. DOI=10.5120/ijca2017915361

@article{ 10.5120/ijca2017915361,
author = { Akshay Sehgal },
title = { Blockchain's Insurance Business Implementation },
journal = { International Journal of Computer Applications },
issue_date = { Sep 2017 },
volume = { 174 },
number = { 3 },
month = { Sep },
year = { 2017 },
issn = { 0975-8887 },
pages = { 32-37 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume174/number3/28389-2017915361/ },
doi = { 10.5120/ijca2017915361 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-07T00:23:44.814933+05:30
%A Akshay Sehgal
%T Blockchain's Insurance Business Implementation
%J International Journal of Computer Applications
%@ 0975-8887
%V 174
%N 3
%P 32-37
%D 2017
%I Foundation of Computer Science (FCS), NY, USA
Abstract

This paper introduces the Blockchain technology and discuss its implementation for various Insurance business specific tasks. The emphasis has been laid to understand the process and transaction flow for the various business processes. Based on the integration of Blockchain technology with Business processes we can hope to leverage its features in order to generate digital solutions for the problems faced by the Insurance sector.

References
  1. Making Blockchain real for Business by IBM- https://x9.org/wp-content/uploads/2016/02/Blockchain-Explained-v2.09.pdf
  2. Statistical Report- http://indiaforensic.com/certifications/ india-loses-6-25-billion-to-insurance-frauds-an-indiaforensic-research/
  3. Insurance Fraud data-http://www.insurancefraud.org/ statistics.htm
  4. Digital disruptions in Insurance – McKinsey
  5. Claims Wikipedia- https://en.wikipedia.org/wiki/ Insurance#Claims
  6. What is Blockchain? – Introduction https://blockgeeks.com/guides/what-is-blockchain-technology
  7. Introduction about Blockchain https://www.ibm.com/ blockchain/what-is-blockchain.html
  8. Where is Current research on Blockchain Technology by Jesse Yli-Huumo, Deokyoon Ko, Sujin Choi , Sooyong Park, Kari Smolander- http://journals.plos.org/plosone/ article?id=10.1371/journal.pone.0163477
  9. Chain Reaction – How Blockchain Technology might Transform - http://www.pwc.com/gx/en/financial-services/pdf/how-blockchain-tecnology-might-transform-insurance.pdf
  10. What does the future hold for blockchain and insurance? https://dailyfintech.com/2016/01/14/what-does-the-future-hold-for-blockchain-and-insurance/
  11. The Present Use and Promise in Blockchain -http://www.insurancejournal.com/news/national/2017/05/16/451177.htm
  12. Blockchain – A Potential Game Changer- https://www.cognizant.com/whitepapers/blockchain-a-potential-game-changer-for-life-insurance-codex2484.pdf
  13. Are Blockchain Immune to malicious Attack- https://jfin-swufe.springeropen.com/articles/10.1186/s40854-016-0046-5
Index Terms

Computer Science
Information Sciences

Keywords

Blockchain Bitcoin Insurance Smart contracts Shared Ledger

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