Blockchain technology for storing electronic medical records to enable instant life insurance underwriting
Systems and methods for using blockchain data for automated underwriting and product issuance are provided. A request is received, via a website, for a personalized quote for a product. The requestor is identified and blockchain data related to the requestor is gathered. The blockchain data includes data pertinent to the personalized quote. The personalized quote is determined based at least in part upon the gathered blockchain data. The personalized quote is then presented via the website.
1. A tangible, non-transitory, machine-readable medium, comprising machine-readable instructions that, when executed by at least one processor, cause the processor to:
receive a request, via a website, for a personalized quote for a product;
identify a requestor that provided the request;
gather blockchain data from a plurality of independent blockchains into gathered blockchain data of a blockchain wallet associated with the requestor, wherein the blockchain data comprises data pertinent to the personalized quote;
auto-populate at least one of a set of application fields of the website with at least a portion of the gathered blockchain data of the blockchain wallet;
receive, via the website, modifications to the at least one of the set of application fields that were auto-populated;
provide an update to a particular blockchain of the plurality of independent blockchains that sourced the blockchain data associated with the modifications to update the particular blockchain based upon the modifications;
determine the personalized quote based at least in part upon the gathered blockchain data of the blockchain wallet; and
present the personalized quote via the web site.
2. The machine-readable medium of claim 1 , comprising instructions that cause the processor to:
request access from the user to the blockchain data, via the website; and upon receiving the access, gather the blockchain data.
3. The machine-readable medium of claim 1 , comprising instructions that cause the processor to:
present, via the website, an application form, comprising the set of application fields for applying for the product.
4. The machine-readable medium of claim 1 , comprising instructions that cause the processor to:
receive, via the web site, additions, deletions, or any combination thereof to at least one of the set of application fields; and
update the blockchain data based at least in part upon the additions, deletions, or any combination thereof.
5. The machine-readable medium of claim 1 , comprising instructions that cause the processor to:
present, via the website, available options for the product.
6. The machine-readable medium of claim 5 , comprising instructions that cause the processor to:
auto-populate a choice of at least one of the available options based at least in part upon the blockchain data.
7. The machine-readable medium of claim 5 , comprising instructions that cause the processor to:
provide at least one of the available options based at least in part upon the blockchain data.
8. The machine-readable medium of claim 1 , wherein the blockchain data comprises data from a blockchain wallet, the blockchain wallet comprising an aggregation of a health blockchain associated with the requestor and at least one of a social media blockchain, a fitness blockchain, a banking blockchain, an investments blockchain, a digital currency blockchain, a mortgage blockchain, and a digital cards blockchain.
9. The machine-readable medium of claim 1 , comprising instructions that cause the processor to:
present a progress indicator during gathering of the blockchain data.
10. The machine-readable medium of claim 9 , wherein the progress indicator provides an indication of blockchain data that has been acquired and blockchain data that remains to be acquired.
11. The machine-readable medium of claim 1 , comprising instructions that cause the processor to:
receive, via the website, an application request for the product, based at least in part upon the personalized quote;
upon receiving the application request, automatically issue the product to the requestor, based at least in part upon the personalized quote.
12. The machine-readable medium of claim 1 , comprising instructions that cause the processor to:
access social media blockchain from the blockchain wallet;
retrieve one or more images associated with the requester from the social media blockchain;
determine a risk factor associated with the requestor based on one or more indications of a behavioral interaction from the one or more images;
perform a risk assessment analysis using the risk factor; and
adjust the personalized quote based on the risk assessment analysis.
13. The machine-readable medium of claim 1 , comprising instructions that cause the processor to:
prior to determining the personalized quote, present a graphical user interface (GUI) to the requestor, wherein the GUI comprises a list of the plurality of independent blockchains;
populate the GUI with a selection indicator indicating that the blockchain data of the particular blockchain from the plurality of independent blockchains is accessed for determining the personalized quote; and
receive a selection from the requestor grant or revoke access to the blockchain data of the particular blockchain.
14. A computer system, comprising:
a processor; and
an electronic display;
wherein the computer system is configured to:
receive a request, via a website displayed on the electronic display, the request for a personalized quote for a product;
identify, via the processor, a requestor that provided the request;
gather, via the processor, blockchain data from a plurality of independent blockchains into gathered blockchain data of a blockchain wallet associated with the requestor, wherein the blockchain data comprises data pertinent to the personalized quote;
auto-populate, via the processor, at least one of a set of application fields of the website with at least a portion of the gathered blockchain data of the blockchain wallet;
receive, via the website, modifications to the at least one of the set of application fields that were auto-populated;
provide, via the processor, an update to a particular blockchain of the plurality of independent blockchains that sourced the blockchain data associated with the modifications to update the particular blockchain based upon the modifications;
determine, via the processor, the personalized quote based at least in part upon the gathered blockchain data of the blockchain wallet; and
present the personalized quote via the website on the electronic display.
15. The computer system of claim 14 , configured to:
receive, via the website, an application request for the product, based at least in part upon the personalized quote;
upon receiving the application request, automatically issue the product to the requestor, based at least in part upon the personalized quote.
16. The computer system of claim 14 , configured to:
present, via the website, an application form, comprising the set of application fields for applying for the product;
receive, via the website, additions, deletions, or any combination thereof to at least one of the set of application fields; and
update the blockchain data based at least in part upon the additions, deletions, or any combination thereof.
17. A computer-implemented method, comprising:
receiving a request, via a website, for a personalized quote for a product;
identifying a requestor that provided the request;
gathering blockchain data from a plurality of independent blockchains into gathered blockchain data of a blockchain wallet associated with the requestor, wherein the blockchain data comprises data pertinent to the personalized quote;
auto-populating at least one of a set of application fields of the website with at least a portion of the gathered blockchain data of the blockchain wallet;
receiving, via the website, modifications to the at least one of the set of application fields that were auto-populated;
providing an update to a particular blockchain of the plurality of independent blockchains that sourced the blockchain data associated with the modifications to update the particular blockchain based upon the modifications;
determining the personalized quote based at least in part upon the gathered blockchain data of the blockchain wallet; and
presenting the personalized quote via the website.
18. The computer-implemented method of claim 17 , wherein the blockchain data comprises a health blockchain.
19. The computer-implemented method of claim 18 , wherein the health blockchain comprises:
nodes of a Medical Information Bureau blockchain, nodes of a Medical Records blockchain, nodes of a Lab Results blockchain, nodes of a Hospital blockchain, nodes of a Pharmacy blockchain, nodes of a Department of Insurance blockchain, or any combination thereof.
20. The computer-implemented method of claim 19 , wherein the blockchain data comprises data from at least one of a social media blockchain, a fitness blockchain, a banking blockchain, an investments blockchain, a digital currency blockchain, a mortgage blockchain, and a digital cards blockchain.