Built at Hackverse'24

💡 Problem Statement

The traditional insurance sector grapples with complexities in policy navigation, claim submissions, and data security, eroding trust for customers and operational efficiency for insurers. Legacy systems hinder collaboration and data sharing, while manual claims processing exacerbates inefficiencies, leading to increased costs and dissatisfaction. Blockchain technology offers transformative solutions, providing transparency, security, and automation. Smart contracts streamline policy issuance and claims settlement, reducing paperwork and operational burdens. Blockchain's decentralized architecture enhances security, mitigating data breach risks. By embracing blockchain, insurers can modernize processes, improve customer experiences, and gain a competitive edge, ensuring resilience and relevance in an increasingly digital landscape.

Insurers seek a platform with robust support that guarantees data security, bolstered by blockchain technology, instilling trust among users. This technology ensures data integrity, preventing leaks and breaches, thus enhancing user confidence. By providing a secure environment, insurers build credibility and foster strong relationships with customers, crucial for long-term success in the industry.

🥁🥁 Drumroll, here...comes "Insured for you" 🤝🤝

INSURED FOR YOU leverages blockchain technology to revolutionize insurance processes. By integrating blockchain, we ensure data security and transparency, mitigating risks of leaks and breaches. Through smart contracts, policy issuance and claims settlement are automated, streamlining operations and reducing administrative burdens. This enhances user experience and builds trust among customers. Our platform offers a diverse range of insurance products, providing options for term life, health, retirement plans, car, crop, and house insurance. With a focus on security, efficiency, and user-friendliness, our solution propels the insurance industry into the digital era, ensuring resilience and competitive advantage.

🧠 Features

• What it Does:

  • Our platform utilizes blockchain technology to provide secure and transparent insurance solutions.
  • Automated policy issuance and claims settlement streamline operations and reduce administrative burdens.
  • Access control ensures that only authorized personnel can process insurance claims.
  • Diverse insurance options cater to various needs, including term life, health, retirement plans, car, crop, and house insurance.

• How to Use:

  • Users can navigate the platform easily with its intuitive interface.
  • To purchase insurance, users simply select the desired policy and complete the transaction using their MetaMask wallet.
  • Admins can access the admin data page securely to review and process insurance claims.
  • Policyholders can manage their policies, view coverage details, and submit claims efficiently.

💪 *Challenges Faced *

1. Integrating the frontend with Solidity using ethers.js posed challenges due to:

• Inadequate documentation and evolving nature of ethers.js.
• Limited availability of resources for addressing integration issues effectively.

2. Designing the admin data page for processing insurance claims encountered hurdles such as:

• Ensuring secure connectivity with unique addresses accessible only to admins.
• Implementing restricted access functionalities for admin-exclusive operations.

3. Despite these challenges, our team persisted, leveraging innovative solutions to overcome integration and UI design obstacles and deliver a robust, user-friendly insurance platform.

💻 Tech Stack

• EtherJS
• Solidity
• ReactJS
• NextJS
• NodeJS
• Figma
• Zustand

📦 Inside the box

1. Data security: Ensuring data integrity and confidentiality through blockchain technology, reducing the risk of leaks or breaches.
2. Streamlined operations: Automating policy issuance and claims settlement using smart contracts, reducing paperwork and administrative burdens.
3. Enhanced transparency: Providing transparent and auditable records of transactions and interactions, fostering trust among users.
4. Access control: Implementing restricted access functionalities for admin-exclusive operations, ensuring secure connectivity with unique addresses.
5. Diverse insurance options: Offering a wide range of insurance products, including term life, health, retirement plans, car, crop, and house insurance, catering to diverse customer needs.
6. ser-friendly interface: Designing an intuitive and user-friendly interface for seamless navigation and enhanced user experience.
7. Trust-building measures: Building trust among customers by prioritizing security, transparency, and efficiency in insurance processes.

Contract Address

Deployed on XDC : https://explorer.apothem.network/address/0x853a38acc026557fb1ef9a64ccbf67e54936e789#transactions

Deployed on Coinex smart chain : https://testnet.coinex.net/tx/0x156fdb7c842c198808c311fd451f4b978a50d14364002a3f7d777e51e0967f85

Contract Address

Address on XDC : xdc853a38acc026557fb1ef9a64ccbf67e54936e789

Address on coinex smart chain : 0x2d78dca30641f2e5a8435d65d57e96147ea08fe5

📜 License

LenDen is available under the MIT license. See the LICENSE file for more info.

🤝 Contributing

Please read CONTRIBUTING.md for details on our code of conduct, and the process for submitting pull requests to us.

🚨 Forking this repo

Many people have contacted us asking if they can use this code for their own websites. The answer to that question is usually "yes", with attribution. There are some cases, such as using this code for a business or something that is greater than a personal project, that we may be less comfortable saying yes to. If in doubt, please don't hesitate to ask us.

We value keeping this site open source, but as you all know, plagiarism is bad. We spent a non-negligible amount of effort developing, designing, and trying to perfect this iteration of our website, and we are proud of it! All we ask is to not claim this effort as your own.