Blockchain-based smart contracts

Utilizes smart contract technology to automate the insurance claims submission process and policy management.

Implemented functionality:

• Use of blockchain technology for storing and transmitting data about insurance contracts.
• Implementation of smart contracts to automate insurance payouts and claims processing.
• Integration with accounting and analytics systems for monitoring and auditing smart contracts.
• Use of encryption methods to secure data and ensure confidentiality.
• Implementation of verification and authentication mechanisms for participant security in smart contracts.
• Use of programming languages such as Solidity for smart contract implementation.
• Integration with payment systems for transaction processing and insurance contract payments.
• Implementation of mechanisms for automatic collection and analysis of contract status data to optimize system performance.
• Implementation of logging mechanisms to track the history of smart contract changes.
• Integration with other company systems, such as policy management and customer data processing systems.