BlockInsurance
Introducing our revolutionary decentralized insurance platform powered by blockchain technology. Say goodbye to fraud with transparent transactions and NFT-backed policies.
BlockInsurance
Introducing our revolutionary decentralized insurance platform powered by blockchain technology. Say goodbye to fraud with transparent transactions and NFT-backed policies.
The problem BlockInsurance solves
Blockchain ensures every transaction is transparent and immutable,Each policy is minted as a non-fungible token (NFT), providing unique ownership and authenticity. Users can trust the integrity of their policies.Admin panel oversight ensures that only legitimate claims are approved, preventing fraudulent activities and maintaining the platform's integrity.Certificates are authenticated and approved by the admin, enhancing the reliability of claims and simplifying the process for users.
Challenges we ran into
remix IDE have so many buys while we deploy our contract.lots of dependecies errors are arised in node modules ,storing certificates in IPFS are one of the main challenges for our team
Tracks Applied (5)
DeFi
Our future implementation involves yield farming. The amount collected by the insurer is used for lending, and the inter...Read MoreXDC Network
NFTs
We mint NFT for creating each Policies in our Dapp ,so our project is eligible for XDC network NFT trackXDC Network
Dapp
Our project, a decentralized application (DApp), is designed to leverage the XDC Network's capabilities for building and...Read MoreXDC Network
Open Track
Leveraging Lending Best use of Liquid staking platform on XDCXDC Network
Blockchain in Insurance Operation
Our Dapp offers insurance operations such as policy creation, coverage claims, and premium payments. Our project is suit...Read MorePNB MetLife
Technologies used
Discussion