Blockchain's Insurance Business Implementation

Akshay Sehgal

Research Article

Blockchain's Insurance Business Implementation

by Akshay Sehgal

International Journal of Computer Applications

Foundation of Computer Science (FCS), NY, USA

Volume 174 - Issue 3

Published: Sep 2017

Authors: Akshay Sehgal

10.5120/ijca2017915361

PDF

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 },
                        year    = { 2017 },
                        volume  = { 174 },
                        number  = { 3 },
                        pages   = { 32-37 },
                        doi     = { 10.5120/ijca2017915361 },
                        publisher = { Foundation of Computer Science (FCS), NY, USA }
                        }

                        %0 Journal Article
                        %D 2017
                        %A Akshay Sehgal
                        %T Blockchain's Insurance Business Implementation%T 
                        %J International Journal of Computer Applications
                        %V 174
                        %N 3
                        %P 32-37
                        %R 10.5120/ijca2017915361
                        %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

Making Blockchain real for Business by IBM- https://x9.org/wp-content/uploads/2016/02/Blockchain-Explained-v2.09.pdf
Statistical Report- http://indiaforensic.com/certifications/ india-loses-6-25-billion-to-insurance-frauds-an-indiaforensic-research/
Insurance Fraud data-http://www.insurancefraud.org/ statistics.htm
Digital disruptions in Insurance – McKinsey
Claims Wikipedia- https://en.wikipedia.org/wiki/ Insurance#Claims
What is Blockchain? – Introduction https://blockgeeks.com/guides/what-is-blockchain-technology
Introduction about Blockchain https://www.ibm.com/ blockchain/what-is-blockchain.html
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
Chain Reaction – How Blockchain Technology might Transform - http://www.pwc.com/gx/en/financial-services/pdf/how-blockchain-tecnology-might-transform-insurance.pdf
What does the future hold for blockchain and insurance? https://dailyfintech.com/2016/01/14/what-does-the-future-hold-for-blockchain-and-insurance/
The Present Use and Promise in Blockchain -http://www.insurancejournal.com/news/national/2017/05/16/451177.htm
Blockchain – A Potential Game Changer- https://www.cognizant.com/whitepapers/blockchain-a-potential-game-changer-for-life-insurance-codex2484.pdf
Are Blockchain Immune to malicious Attack- https://jfin-swufe.springeropen.com/articles/10.1186/s40854-016-0046-5

Index Terms

Computer Science

Information Sciences

No index terms available.

Keywords

Blockchain Bitcoin Insurance Smart contracts Shared Ledger