Follow us on or join ours

More and more industries are deciding to implement technology blockchain to your business. Now it's the insurance sector. Well-known Polish insurance company - LINK 4, announced the implementation of a durable medium together with KIR and Coinfirm.

New perspectives for the Polish insurance industry

LINK4 is the first insurance company on the Polish market to provide clients with public documents based on a durable blockchain medium provided by KIR.

The company is also involved in the project Coinfirm.

The medium in question allows to provide the recipients with relevant documents in an electronic version, while ensuring invariability and indelibility in time. Thanks to this solution, not only will communication be significantly improved, but also paper correspondence will be limited to the necessary minimum.

Banks are already testing similar solutions (e.g. PKO Bank Polski and BNP Paribas Bank) - now it's time for insurance companies.

Also check: Blockchain BIK - a new face of bank communication with clients

According to KIR representatives, blockchain technology has enormous potential that can be successfully used in the insurance industry. It will enable companies to generate savings while ensuring regulatory compliance.

Coinfirm role

The British-Polish startup Coinfirm will be responsible for integration with a durable medium.

The solution used is based on technology Hyperledger Fabric.

LINK4 customers will have access to the new service through a special platform for presenting and checking documents published on a durable medium, directly on the insurer's website.

Coinfirm in cooperation with LINK4 will use its proprietary solution called "Trudatum ". Thus, the company will grow to the rank of the main innovator in the industry.

benefits

The new blockchain solution implemented by LINK4 will enable the company's clients to verify the authenticity and integrity of documents at any time, and they will be able to do it both directly on the insurer's website and on the website KIR.

This process does not require logging in - you only need to use a special, digital-numeric identifier.

Documents (such as the product card or contract terms and conditions) will therefore be available quickly and conveniently, and above all secure.

Also check: Revolut offers the traditional banks

5/5 - (1 votes)

Tokeny.pl is a cryptocurrency site run by a crypto team of enthusiasts. The main area of ​​our interest are cryptocurrencies, tokens, personal tokens as well as blockchain technology. On the pages of our website we will present independent cryptocurrency reviews and interesting articles from the market. In addition, we present the current rates of all critics. The site also has a multi-functional cryptocurrency calculator as well as traditional currencies.

The information published on the cryptocurrency tokeny.pl website are not financial recommendations and do not constitute investment recommendations within the meaning of the Regulation of the Minister of Finance of 19 October 2005 on information being recommendations regarding financial instruments, their issuers or issuers (Journal of Laws of 2005, No. 206, item 1715). The information published on the pages of the portal does not constitute an offer. Tokeny.pl is not responsible for any decisions taken under the influence of data presented on the Website. Portal does not bear any responsibility for the possible use of information on the website.

Investments in OTC market instruments, including currency exchange rate (CFD) contracts, due to the use of the leverage mechanism, entail the possibility of incurring losses exceeding the value of the deposit. It is not possible to make a profit on transactions on OTC instruments, including currency exchange contracts (CFDs) without risking a loss, therefore contracts for exchange differences (CFDs) may not be suitable for all investors.

© Copyright 2019 Tokeny.pl

My Newsletter

Sign Up For Updates & Newsletters