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Insurance companies plan to use blockchain to share customers' medical data

Each player has to know whether particular claims have been received and paid by other companies, and if the customer has been flagged for fraud or violations before

Topics
Irdai  |  Sbi Life Insurance  |  Life Insurance Industry

Advait Rao Palepu 



Representative Image
Representative Image

A 19-member consortium of life insurance in India is looking at using blockchain technology to share customers’ medical records amongst each other — securely and with the consent of customers. There is also a plan to employ the technology to bring in effective fraud management. And the insurers have roped in IT firms IBM and Cognizant to help them build the solutions.

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First Published: Wed, August 08 2018. 21:41 IST

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