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Academic Innovations

Blockchain-Based Framework for Insurance Sector

Innovator Details

Innovator
Dr. Preeti Chandrakar

About

The objective of the proposal is to Develop a scheme for the InsureTech companies to make trust between client and insurer with blockchain technology and decentralized client-centric transparent ledger. To Develop a blockchain system to protect the privacy of client and their data with the legal regulations, including minimization of the use of personal data. To Develop a model to solve legal disputes between clients and insurers, insurers and other legal agencies using blockchain and FinTech with smart contracts. To Develop a model to minimizing the cost of policy maintained and enhance transparency, security, and integrity of client-company data using the distributed ledger technology. Prototype development to solve legal issues with insurance disputes and their solutions using FinTech and Blockchain technology and making improvements of interplanetary storage with FinTech.
Funding Organization
Funding Organization
Department of Science and Technology (DST)
Quick Information
TIH Name
IBITF, IIT Bhilai
Status
ongoing
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