Zhongcheng Insurance is expected to launch the first blockchain application in the first half of next year.

At present, Zhongcheng Insurance has set up a special project team to promote the “landing” of the blockchain in the field of auto insurance. The relevant person in charge of Zhongcheng Insurance said that it is expected that in the first half of next year, the company will be able to launch the first blockchain-based auto insurance application in the industry. At that time, the labor costs of auto insurance underwriting, survey and compensation will be greatly reduced. Car costs are expected to be reduced to a greater extent.