An alternative marketplace for insurance products
An Insurance Solution based on Blockchain
InsureX is an alternative marketplace for insurance based on blockchain technology. It is aimed primarily at institutions such as insurers, reinsurers and brokers.
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iXledger is a marketplace for insurance based on blockchain technology. It is aimed primarily at institutions such as insurers, reinsurers and brokers. Bringing these participants together directly results in an efficient, cost-effective and transparent marketplace. Smart contracts provide support for streamlined processes between multiple parties.
InsureX is a marketplace for insurers, reinsurers and brokers to trade insurance products directly.
About InsureX FEATURES Buy and Sell Insurance Companies who have insurance products they wish to sell would list them on the market. Companies who wish to buy insurance would use the search or get notified of the listing. Portfolio Management In order to organise your transactions they can be structured as portfolios. High-level, aggregated information for the transactions is available. Transaction Execution When a suitable insurance product is found the participants begin the process of exchanging the required information. Each step is tracked in the platform. Market Insights In order to see what is on offer, and gain an understanding of the market, a rich and powerful dashboard gives you a real-time view. TECHNOLOGY The InsureX architecture is a cutting edge stack consisting of React, NodeJS, Ethereum Blockchain and OrientDB. Blockchain Technology Our marketplace leverages blockchain technology which offers all participants consistent, shared and secure processes. The nature of the decentralised blockchain allows a completely trustless interaction between parties which removes third party costs and commissions. Our platform leverages the Ethereum blockchain which makes it easier for external developers wishing to contribute without having to familiarise themselves with yet another blockchain implementation. storage High-Performance Storage In order to process certain transactions, private and confidential information is required to be stored and exchanged. Our storage is a secured NoSQL data fabric. It compliments the blockchain network by providing fast access to different data such as medical records or other confidential information. Multiple levels of security, external authentication and strong usage profiling are included. important_devices Application Stack The UI is implemented using React which is fast and responsive. We use a Node.js backend which handles most of the business logic. The React and Node.js combination has proven to be a very fast, lightweight and robust approach. The UI renders on tablets and phones and as part of our roadmap we’re developing a mobile app, in order to take advantage of the native phone and tablet capabilities.
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