Domestic insurance group Sunshine Insurance launches blockchain technology application

Recently, Sunshine Insurance launched the "Sunshine Bei" points system using the latest blockchain as the underlying technical architecture. In addition to enjoying the ordinary points function, users can also send points to friends in the form of red envelopes and exchange them with blockchain points issued by other companies. According to reporters, Sunshine Insurance is the first financial enterprise in China to apply blockchain technology.

Recently, the blockchain technology that supports the issuance of Bitcoin has received close attention from global financial technology research institutions. Its characteristics of decentralization, security, trustworthiness, equality and mutual benefit have brought new opportunities and challenges to the existing Internet economy. As the first issuer of blockchain points in China, Sunshine Insurance has brought a new experience to users while fully realizing the benefits of fast deployment, security, transparency, low-cost access and interconnection for enterprises.

It took Sunshine Insurance just over two months from the decision to launch the blockchain points project to the launch of "Sunshine Bay". The implementation of Sunshine Insurance's blockchain points application has played a demonstration role in the implementation of blockchain technology in various industries. The reporter learned that some financial and retail companies have shown great interest in the blockchain points model and are actively negotiating to join. In the next step, Sunshine Insurance will continue to make improvements based on user usage.

About Sunshine Insurance:

Sunshine Insurance, one of the seven largest insurance groups in China, was established in July 2005 with a registered capital of RMB 6.71059 billion. It was initiated and established by large enterprise groups such as China Petrochemical Corporation , China Southern Airlines Group , Aluminum Corporation of China , Sinotrans & CSC Holdings Co., Ltd. , and Guangdong Electric Power Development Co., Ltd. It is a national insurance company mainly engaged in property insurance business and a national professional life insurance company engaged in life insurance , health insurance , accidental injury insurance and other personal insurance business.