[Korea gimmingyeong financial newspaper reporter] The insurance industry chain technology to block came the prospect of combining gotta come up with the next generation of innovative power.
IT block chain is a technique that is based on a P2P manner in the form of virtual money, one after another to a connecting block (block) the encrypted transaction information (chain) bar.
According to the Insurance Institute of the 20 days' block chain, innovation power of the insurance industry "report released, but the block chain technology investment and research has been made around the bank since 2014, it showed that in recent years insurance companies are also expanding their investments.
Block chain technology in the insurance industry is that internally the cost efficiency, externally can expect the effect of such reinsurance companies, insurance companies, or insurance companies and customers between the efficiency of financial transactions, customer trust raising, using smart contracts the assessments.
In fact, the consortium was also formed for block chain led to the insurance industry last October 5 global reinsurer and insurer involved. This test is reportedly keonso purpose, additional insurance also participated in 10 places including Tokyo Marine in February this year to study the block chain technology to improve transaction efficiency between reinsurance Inc. and insurer.
Gimjineok Insurance Institute chief in charge of the station, said that "the use of the block chain technology in the insurance industry will be utilized in various fields has expanded the coverage parameters as innovative technologies for connecting enterprise systems in new technologies and technology companies.
Recent Internet life insurer Kyobo Life Planet Life announced the first domestic insurance industry, starting the fingerprint authentication services 'co-FIDO (Fast identity Online) method' of the KFTC.
As a result, customers Planet Life mobile app (application) was able to take advantage of a variety of services, such as insurance certificate and contract inquiry only when connecting or fingerprint authentication without a password.
Pies (FIDO) certification in such a way that the biometric information is authenticated, the processing in the smartphone, Life Planet had applied the method to replace the certificate fingerprint itself to take advantage of the solution provided by the KFTC.
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