About
Midas is an application designed specifically for the insurance industry. A collaborative effort between the Hong Kong Federation of Insurers (HKFI) and CryptoBLK, Midas authenticates insurance documents to combat fraud. The DLT platform facilitates real-time authentication of motor insurance documents by multiple insurers, brokers, the HKFI, the Transport Department, and individual car owners.
This product is intended for
- Insurance Agent
- Insurance Specialist
- Insurance Manager
- Insurance Producer
- Life Insurance Specialist
- Licensed Insurance Agent
- Insurance Assistant
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Blockchain based Motor Insurance Authentication Platform
In 2016, the Hong Kong Police Force uncovered a motor insurance fraud case in which over 1,000 forged motor cover notes were issued to unsuspecting members of the public, leading to more than 700 victims. In response to this, the Hong Kong Transport Department, Police Force, Insurance Authority and HKFI discussed the underlying issues of how the fraud was carried out. They determined that with no easy ways for car owners to verify the authenticity of their insurance documents, coupled with no e
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Midas
An Industry-wide DLT-based Motor Insurance Authentication Platform In a joint collaboration between CryptoBLK and the Hong Kong Federation of Insurers (HKFI), the Motor Insurance DLT-Based Authentication System (Midas) tackles motor insurance frauds and provisions the digitization of the industry.
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車保e-Check (Motor Insurance DLT-based Authentication System)
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