Dear steamian
Heare is a new update on revelotinary Blockchain technology
Imagine a situation where you have applied for a life insurance product purchase and unfortunately have been rejected by an insurance company due to some underwriting related concerns after getting a medical check-up done. Soon, you will have a blockchain system in place that will enable another insurance company to access these records with prior permission of the individual.
About 15 life insurance companies, including ICICI Prudential Life, HDFC Life and SBI Life Insurance, have partnered with IBM and blockchain solutions provider Cateina Technologies to come together as a consortium to share data with respect to medical records. Once they get a go ahead from the regulator, implementation will begin on a wider scale.
Sound scary, leave your comments