Blockchain Based Insurance Platform
Blockchain integrated safest and secure upto infinity
Created on 26th June 2022
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Blockchain Based Insurance Platform
Blockchain integrated safest and secure upto infinity
The problem Blockchain Based Insurance Platform solves
The insurance industry has a plenty of problems even though it is well-established and valuable - including inefficiency, fraud, human error and, most concerning of all, cyberattacks. Blockchain’s ability to create trust in a trustless ecosystem through the use of public ledgers and fortified cybersecurity protocols has positive implications for the insurance industry's future growth. In this project, Smart contracts enable blockchain users to transparently transfer anything of value without the interference of a middleman. Like physical contracts, smart contracts stipulate the rules between two parties. Unlike physical contracts, smart contracts can track insurance claims and hold both parties accountable.
Challenges we ran into
Fetching Contract Storage into frontend that's why we used pytezos a python framework to fetch that
Technologies used
