Atos recognized for its blockchain expertise in insurance with NATC Awards 2019

Share on facebook
Share on google
Share on twitter
Share on linkedin
Time to Read: 1 minute

Atos announces that its Blockchain based Crop Insurance Solution has won the prestigious NATC (NASSCOM* Annual Technology Conference) Awards 2019, as one of the winners among the 100+ nominations received from global companies

Atos entered this year’s 2019 NASSCOM Annual Tech Conference on “Industrialization of Disruptive Technologies” to submit its solution.

The Atos solution uses smart contract functionality and mobile payment to establish trust between the insurance companies and the farmers, helping them get access to financial products crucial for their survival.

Insurance companies can use the application to collate weather data through satellites and measure weather conditions (rainfall, drought, etc.) which are then used to compensate farmers for crop losses.

This solution helps insurance companies create a cost-effective and fully automated claim settlement process, which also strengthens the trust between the two entities. Initially, the crop insurance solution will be run as a pilot in Kenya and later introduced to other countries.

Congratulations to the team! From India: Vishal Shinde & Subhankar Ghosh and from the Netherlands: Ivo Luijendijk, Jessica Hofmann, Venko Ivanov, Willem Hoekstra

*NASSCOM is the Trade association of Indian IT BPM industry. It  is the premier trade body and chamber of commerce of the Tech industry in India and comprises over 2,800 member companies including Indian and multinational organizations that have a presence in India.

(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of

Related Article  Consumers to Thank Blockchain Technology as TRAI Chalks Out New Way to Curb Pesky Calls
Leave a Reply

RSS Latest Technology News

  • This Nvidia RTX 3080 crypto mining rig was built into a BMW 'just to annoy gamers' January 26, 2021
    Stock issues have plagued the launch of Nvidia's Ampere-powered RTX 3000 series, with high demand and bots buying up stock to resell online at inflated prices. Crypto miners have also been partially responsible for the shortage of next-gen PC gaming ...
  • Take-Two Interactive nails GTA Online cheat site, makes it shut down January 26, 2021
    It was the perfect crime. There was no need to assemble a gang of eleven misfits, comprised of a perfect ratio of heartthrobs and comic relief specialists who would make their colleagues look even more handsome by comparison. A convoluted plan to pull off ...
  • How to play FAU-G, tips and tricks to win the game January 26, 2021
    FAU-G mobile game is available on the Google Play store. If you have been waiting for this “so-called” PUBG Mobile alternative for a long time, head over to the Play Store using your Android smartphone. Ensure to connect your mobile device to a stable WiFi ...


Follow Us

Atos recognized for its blockchain expertise in insurance with NATC Awards 2019

by NK Time to Read: 1 min
AI Tool to Reshape Treatment by Predicting Cell Behaviors
Get to know the latest updates on exponential technologies, new age industry segments with our weekly XTechalpha Xclusive newsletter straight in your mailbox.