An insight into ShareRing’s partner Dhipaya Insurance, regarded as one of the top non-life insurance providers in Thailand and partly owned by the Thailand Government.
Dhipaya Insurance was founded in 1951 and is regarded as one of the top insurance companies with over 30 branches across Thailand. Dhipaya’s headquarters are located in Bangkok and currently employ over 1,300 people.
Dhipaya’s digital vision
Dhipaya’s core vision is to become the top insurance company in Thailand. They recognise that to achieve this you need to quickly adapt to technological advancements.
They showed their ability to adapt when they announced plans to transform into a fully digital insurer. Somporn Suebthawilkul, managing director of Dhipaya Insurance Public Company Limited, said the company wants to be the disruptor and is playing a role as a sandbox for insurance tech startups. See: Thailand ETDA Phase 2 framework.
Dhipaya was fascinated by ShareRing’s blockchain technology, ShareLedger. After some demonstrations by Tim, Dhipaya were excited to integrate our technology to streamline their insurance services. This is a true testimony to the revolutionary benefits ShareLedger provides to businesses of any size.
In this cooperation, Dhipaya works with companies that are building ecosystems for tourism worldwide. ShareRing have expanded their business to Thailand and have collaborated with eVOA. This will be a big cooperation to make ecosystems for tourism in Thailand. See: TKC Alliance and ShareRing in Thailand.
For Dhipaya, this reaches a wide range of tourists, especially the inbound tourists in Thailand. The application uses blockchain technology, allowing the company to manage claims, manage coordination with hospitals in case of accident, rental cars and everything about accidents. To be in accordance with Thailand’s new law, ShareRing’s eVOA service will require mandatory insurance. As such, both eVOA and the accompanying insurance can be purchased on the ShareRing app.
eVOA and insurance on chain
eVOA applications generate four transactions on the ShareRing blockchain. eVOA’s mandatory insurance adds two more transactions. See: ShareRing Me.
Where we sit.
ShareRing has been building this technology since 2018. The encrypted Vault and self-sovereign ID model we put in the original whitepaper are the same architecture under everything we deploy today.
If you want to discuss privacy KYC at country scale, the door is open at sharering.network/contact.
By ShareRing Team of ShareRing.
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