Zeusshield refers to a peer-to-peer platform which has the insurance business as its main focus. This platform makes use of blockchain technology for applying trust management in insurance solutions.
This paves the way for the creation of new insurance ecosystem that can make intelligent insurance claims. The architecture is based upon the Ethereum platform and makes use of a contracts database and an insurer database. This is transformed into an AI module which may be used by insurance groups and individuals. So, the platform will make use of logic to assist insurance companies.
Since information which is on the blockchain may not be changed or tampered with, insurance industries can make of Zeusshield to solve the pain point problems. This blockchain technology will prevent changes or removal or forging of data on the platform. The Zeusshield will also give accurate solutions to problems by using Intelligence modules. They can give correct solutions for risk monitoring, pricing schemes and make custom policies for clients. The system is able to analyze the data on databases; for example, it may advise users suffering from skin allergies to get cosmetics return insurance. Zeusshield will also offer a lot of help in accounting. It ensures that the insurance business can cut down its costs.
As this program moves one, experts will build an AI P2P insurance platform. This platform will serve both the insured and the insurer. It will build personalized insurance ecosystems. So, the ZSC system may be regarded as decentralized insurance platform which can offer chain insurance solutions to maintain users. It can offer ideas for organizing traditional insurance and reducing operating costs, preventing fraud losses etc. It also offers custom insurance packages to the insured to meet risks. Zeusshield will help to create an insurance pool to enhance cash flow from the insurance contracts.
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