In the Insurance industry, information is passed down from one person to another leaving an abundance of opportunities for unrecorded change in information, increase in cost, inefficient auditing processes, and often creates a lack of data accessibility.
What it does
Our project allows a single(or multiple) authorized user to complete the insurance form for a certain customer with required documentation, which is then published on a private blockchain that is accessible by the Insurance company and the reinsurance company.
How I built it
In order to build a blockchain application with a web interface, there were essential background setups that were also required.
- Installation of nodejs, web3, npm and geth BEFORE development
- Smart Contract was developed using the solidity language
- A UI was developed using HTML and CSS.
- IPFS was intalled for Document hashing purposes, and Uploading them on a private server
Challenges I ran into
UI formating issues Secured Smart Contract development UI and blockchain connection
Accomplishments that I'm proud of
Was able to produce a well formatted UI Was able to create a connection between the UI and Smart Contract
What I learned
What's next for Single Truth
To be tested in a real life environment of the Insurance Industry.