Finance Example

Examplary Application

A motivating example based on the our fintech could be in a car insurance application. For example, the insurance company can use AI, federated learning to conduct personalized analytics of car owners, according to their car information, driving habits, financial condition, etc., and provide a customized car insurance price for them. Meanwhile, the insurance information can be stored and maintained on a blockchain, and they can use smart contracts to automatically complete the payment and insurance claim, making the whole transaction process more efficient, secure, and reliable.