What is Inschain?
Inschain
is an acronym for “insurance” and “blockchain”. The name represents the
purpose of developers based on the blockchain technology platform,
Internet of Things (IoT) and artificial intelligence technologies into
insurance industry. By bringing about technology-driven transformations
to the traditional insurance process in the forms of digitalization of
insurance products, modularization of the insurance business process and
improved efficiency, our smart platform creates values from the supply
chain to the users and participants of the Inschain Platform. In the
long term, inschain has the ambition to become one of the companies that
brings together the insurance industry and digital technology. On the
insChain Platform, policyholders, platform administrators, third-party
actuaries, and token holders come together and interact on a transparent
and pre-defined basis.
insChain seeks to address a variety of obstacles insurance clients, agents, and insurers face today including but not limited to,
insChain seeks to address a variety of obstacles insurance clients, agents, and insurers face today including but not limited to,
- Cumbersome identity verification and application processes
- Expensive insurance premium as a result of high marketing and acquisition costs
- Claim dispute due to lack of transparency and ambiguity in contract terms
- Time-consuming underwriting process with no immediate results • Loss of business due to other forms of process inefficiency
InsChain Team
The insChain
management team has broad and deep experiences in related fields, such
as insurance, actuarial and blockchain technologies. We strive to
overcome hurdles in traditional insurance industry and the general lack
of trust and security in insurance process by utilizing blockchain-based
insurance applications.
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