The Hong Kong group of Insurers has worked with the blockchain - based company CryptoBLK to create a system which prevents motor vehicle fraud by using the technology . The organisations have joined forces to create the Motor Insurance web - based Authentication System , which allows insurance documents to be verified more easily and prevents the detection of fakes by providing a detailed record of their existence . The website , which does n't store any personal information so as to protect users ' identities , has undergone multiple independent security audits .
The Hong Kong Federation of Insurers has worked with the blockchain-based company CryptoBLK to create a system which prevents motor insurance fraud by using the technology. The organisations have joined forces to establish the Motor Insurance DLT-based Authentication System, which allows insurance documents to be verified more easily and prevents the use of fakes by providing a detailed record of their existence. The system, which doesn't store any personal information so as to protect users' identities, has passed multiple independent security audits.