Revolutionize insurance trust with blockchain

Unlock new business value through an immutable foundation of transparency and shared purpose.

Create a health check system

Lack of trust between insurance entities frequently generates an operative limitation. Blockchain allows you to create an insurance health check system, which can be checked by multiple entities and provide proof that each history belongs to the right patient. BLOOCK allows you to create certifications that provide total control of all data stored, obtaining a significant improvement in your credentials.

Avoid duplicate billing fraud

The insurance industry is inefficient at dealing with fraud management and vulnerable to errors like duplicate payments. A blockchain is a key tool in avoiding fraud risk. It allows you to easily justify the true origin of any data stored in the system. Thanks to BLOOCK it will be easy and transparent to check if a client is already billed for any procedure or if it has been charged more than once for the same service.

Obtain an originality certificate

Clients demand security and transparency when they contract insurance, so verifying key information has become an essential task to improve the value proposition. With BLOOCK you obtain proof of originality. When a client contracts an insurance, he can instantly prove that he is the one who owns it in a simple and fast way, which can be deployed to provide a high level of trust and transparency.

Assure data protection

When a photo or document is uploaded in blockchain, it is easy to do an authenticity check and prove it has not been modified over time. To be able to use data stored as a reference in any kind of dispute, insurers need to be totally sure that it is not manipulated. Decentralization of blockchain enables data to be strongly protected and encrypted.

Avoid duplicate billing fraud

The insurance industry is inefficient at dealing with fraud management and vulnerable to errors like duplicate payments. A blockchain is a key tool in avoiding fraud risk. It allows you to easily justify the true origin of any data stored in the system. Thanks to BLOOCK it will be easy and transparent to check if a client is already billed for any procedure or if it has been charged more than once for the same service.

Obtain an originality certificate

Clients demand security and transparency when they contract insurance, so verifying key information has become an essential task to improve the value proposition. With BLOOCK you obtain proof of originality. When a client contracts insurance, he can instantly prove that he is the one who owns it in a simple and fast way, which can be deployed to provide a high level of trust and transparency.

Assure data protection

When a photo or document is uploaded in blockchain, it is easy to do an authenticity check and prove it has not been modified over time. To be able to use data stored as a reference in any kind of dispute, insurers need to be totally sure that it is not manipulated. Decentralization of blockchain enables data to be strongly protected and encrypted.

Companies already investing in Blockchain

Fraud and risk prevention

Almost 10% of insurance claims are estimated to be fraudulent. The great complexity in the modern insurance industry creates gaps in invisibility that can be exploited to commit fraud, and blockchain is increasingly being used to solve that.

With the use of blockchain technology, Claim Share prevents duplicate payments for the same service in a wide range of companies from the insurance industry. Now insurers have the opportunity to enable claim data sharing among them while not revealing any sensitive data and protecting both business and customer privacy.

Decentralized flight insurance

Travelers know how useful a flight delay insurance can become in order to cover additional costs caused by the delay. However, the standard process to make a claim is slow and painful, and the effort is not usually worth the compensation.

Etheric has created a decentralized insurance protocol to build insurance products. They offer blockchain-based flight insurance against delays and cancelations in which payouts are done automatically and almost instantly right after the landing. This is possible thanks to the technological advantages of Smart contracts.

Say goodbye to expensive blockchain experts

We work with the leading companies in all industries

Want to know more?

Get the full analytics of blockchain use case in the logistics sector