InsureWise
Receive tailored insurance recommendations and real quotes that consider all your needs and medical history, while remaining anonymous and in control of your data.
Project Description
InsureWise is an innovative platform that harnesses the power of blockchain technology and artificial intelligence to deliver accurate and personalized insurance quotes while ensuring the utmost user anonymity and data security. Our solution addresses the critical challenges of data privacy and unbiased insurance quoting in the digital age.
At InsureWise, customers begin by registering on our platform and uploading their sensitive information, including medical history. This data is securely stored on Filecoin, a decentralized storage network known for its robustness. To ensure the highest level of security, the data is hashed and encrypted during the upload process, making it inaccessible to unauthorized parties.
Our advanced AI algorithms then utilize this encrypted information to generate accurate insurance quotes. The AI decrypts the data in a secure environment to perform a thorough analysis, considering various preset parameters and sophisticated machine learning models. This process guarantees a personalized insurance quote tailored to the customer's unique situation.
One of the standout features of InsureWise is the maintenance of user anonymity throughout the entire process. Customers' identities remain anonymous to potential insurance providers, preventing pre-categorization and ensuring unbiased and fair insurance quotes. This anonymity empowers users to receive quotes based solely on their needs and risk profiles without their personal information being exposed.
The process flow at InsureWise is straightforward and user-friendly. After data upload and encryption, the AI decrypts and analyzes the information to generate a personalized quote. The user receives an accurate insurance quote while remaining anonymous, ensuring a secure and convenient experience.
InsureWise is revolutionizing the insurance industry by combining the strengths of blockchain technology and AI to offer secure, accurate, and fair insurance quotes. Our platform ensures data security, user anonymity, and quote accuracy, transforming how insurance is quoted and experienced. Join us in reshaping the future of insurance with InsureWise.
How it's Made
The project uses web app that allows you to upload/download PDF insurance forms via lighthouse to filecoin IPFS, while encrypting/decrypting the content using Lit protocol actions. After we download the file content we feed it to the Galadriel smart contract in order to create AI Agent who based on it's knowledge base is able to calculate the insurance rate for a specific user.
