Scytale in the insurance sector

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The challenge

Blockchain technology opens up new ways of carrying out financial transactions, improves existing insurance processes and keeps track of (digital) documents.

Many of the applications blockchain can offer for insurance firms can be grouped together into the category of Smart Contracts.


Thanks to the encryption process, the blocks already in the chain cannot be altered, so the data saved on it is secure, certain and tamper-proof.

A Smart Contract registers all the terms and conditions in an explicit and detailed manner and does not require a central entity to verify their adequacy and validity: as it is an entirely digital solution, it also eliminates execution times, checks, paper, back-office, operational risks and significantly reduces the risk of fraudulent claims and administrative costs for the insurer.

Lastly, Smart Contracts generate absolute trust in their execution, which is at the basis of companies’ relationship with their clients.



Security, transparency, reliability



Reliability and accuracy






Lower costs






Filing and backup




Use Case

How can you use
blockchain technology to enhance your company?
Select a field and apply it to your business

Digital Identity Systems (SSI)

Identities registered with blockchain technology are decentralised, immutable and verifiable.


Electronic signature

A blockchain electronic signature refers to data in an electronic form (hashes and keys), logically associated with other data in an electronic form and used by the signee to sign documents, contracts, insurance policies, etc. More

Supply Chain Tracking

Ledger digitisation will make supply chains more resilient to future shocks and blockchain will help ensure data privacy for suppliers.


Asset & Wealth Management Bank

Security, transparency and immutability – through blockchain technology it is now possible to securely access bank data (PSD2) and offer new innovative and user-centred services and products.


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