SmartPACT is positioned within the insurance industry and more specifically within the area of the exploitation of modern ICT in insurance, often called InsurTech.
SmartPACT covers the gap that arises from the lack of on-demand insurance coverage plans, which is currently at an embryonic level. SmartPACT is an on-demand insurance coverage solution based on Blockchain’s Smart Contracts, for health and life insurance services, covering short-term activities and experiences. A pay-as-you-go insurance service, by combining multiple insurance coverages into a single seamless shield of protection.
SmartPACT is based on 3 main technological axes, which reflect also the main technical innovations i) blockchain technology, ii) Smart Contracts and iii) Machine learning techniques.