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Machine Insurance

Ensure optimal P2P agreement between insurers & insurees

Benefit to Insurance Company

  • Access to market with enormous growth - IoT devices in smart city
  • Blockchain data access to monitor insured devices
  • Blockchain device identity - rendering fraudulent data impossible
  • E-contract: speed up subscription and management
  • Simplified claim process, greatly reduce cost & risk associated with legal process

Benefit to IoTs provider

  • Possibility to insure a vast network of devices based on monitored data
  • Peace of mind for risks related to owning a large number of IoT devices
  • Facilitate the subscription and claim based on chain of evidences from blockchain

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