Introduction to LifeBlocks: A Blockchain based Insurance Platform

Shikhar Bhatt, Sumit Hotchandani, Kailash Gaur, Sumedha Sirsikar

2020

Abstract

In India, the insurance sector is rife with inefficiencies. The entire process, from buying an insurance policy to settling claims, has numerous stumbling blocks. Blockchain is considered as a disruptive technology that could revolutionize and bring huge benefits to the insurance sector. It can be can be a game-changer, making the entire insurance process simpler, secure and efficient. Through this paper, we are proposing a blockchain based system “LifeBlocks” to solve various problems in the insurance sector. The paper talks about the problems in the current insurance process and how our system overcomes these problems. The paper discusses the four major use-cases of the system along with technologies like Parity Ethereum, InterPlanetary File System (IPFS) and Smart Contracts used to develop our insurance platform.

Paper Citation

in Harvard Style

Bhatt S., Hotchandani S., Gaur K. and Sirsikar S. (2020). Introduction to LifeBlocks: A Blockchain based Insurance Platform.In Proceedings of the 17th International Joint Conference on e-Business and Telecommunications - Volume 1: DCNET, ISBN 978-989-758-445-9, pages 77-81. DOI: 10.5220/0009854000770081

in Bibtex Style

@conference{dcnet20,
author={Shikhar Bhatt and Sumit Hotchandani and Kailash Gaur and Sumedha Sirsikar},
title={Introduction to LifeBlocks: A Blockchain based Insurance Platform},
booktitle={Proceedings of the 17th International Joint Conference on e-Business and Telecommunications - Volume 1: DCNET,},
year={2020},
pages={77-81},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009854000770081},
isbn={978-989-758-445-9},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 17th International Joint Conference on e-Business and Telecommunications - Volume 1: DCNET,
TI - Introduction to LifeBlocks: A Blockchain based Insurance Platform
SN - 978-989-758-445-9
AU - Bhatt S.
AU - Hotchandani S.
AU - Gaur K.
AU - Sirsikar S.
PY - 2020
SP - 77
EP - 81
DO - 10.5220/0009854000770081