The number of blockchain applications in insurance is growing every day, and somehow every major player across the sector will be using them in the near future. This will create massive opportunities for the fintech sector, as well as for insurance companies that are willing to embrace the change.

- Companies are incurring huge loses because of false claims and scams that happen every day in the industry. To overcome issues like this, insurance companies are using technologies like blockchain in their existing workflow. For instance, according to the SAP Digital Transformation Executive Study, banking and insurance executives plan to more than double their investments in blockchain by 2019.

- The insurance industry is beginning to understand the importance that blockchain technology has evolved and will leverage over the insurance sector due to its security and immutability features.

- Blockchain offers to be the central repository of truth, using which, underwriters can source data from external sources to automate some aspects of underwriting since the data in the blockchain is trustable and is from a verified source.

For sample report please visit : https://www.statzyreports.com/report/sr498554/blockchain-market

Key Market Trends

Smart Contract is Expected to Hold a Significant Market Share

- Smart contracts powered by a blockchain could provide customers and insurers with the means to manage claims in a transparent, responsive and irrefutable manner where claims-handling could become more efficient and streamlined, resulting for improved customer experience.

- Contracts and claims could be recorded onto a blockchain and validated by the network, ensuring only valid claims are paid. Smart contracts would also enforce the claims for instance, triggering payments automatically only when certain conditions are met. For instances, smart contracts can be coded to accept feeds from the telematics devices, and in the event of an accident, automatically raise insurance claims & trigger pay-outs. They can also recommend trusted service stations in the vicinity and call for medical assistance should that be deemed necessary.

- Smart contracts possess capabilities to automate several processes that otherwise require manual intervention. In addition to this, the immutability of data increases reliability and helps make faster and correct decisions.

Asia-Pacific is Expected to be the Fastest Growing Region

- The emerging economies of the Asia-Pacific region represent an unprecedented opportunity to experiment with low-cost innovation and open regulatory frameworks of blockchain technology across the insurance sector.

- As the insurers are expected to increasingly leverage on the growing application of IoT for data gathering across the emerging economies, the blockchain-based implementation could increase the efficiency of the overall process to a great extent and will enable insurers to capture sensory information in a secure and tamper-proof method. For instance, ICICI Lombard is using AI in healthcare insurace related claims to identify any fraud. NAy transaction validated and stamped are hard to change and can be verified using AI for real-time settlement.

- For instance, China, despite the harsh regulations imposed on certain activities related to cryptography, is now advancing on its part with a vision of incorporating blockchain technology in its state plans, and even including it in its thirteenth five-year plan, which consists of a road map of governmental developments from 2016 to 2020.

Competitive Landscape

The blockchain market in the insurance industry is highly concentrated and consolidated with a few major players. In terms of market share, some of the major players currently dominate the market. However, with the advancement in the blockchain technologies along with cloud deployment, new players are increasing their market presence thereby expanding their business footprint across the emerging economies.

- March 2019 - ChainThat plans to launch a blockchain risk and capital exchange for the insurance and reinsurance market in Bermuda. The exchange will allow broker, reinsurance and insurance companies access to the capital markets using blockchain.

- November 2018 - The Dutch Judicial Information Service had selected Guardtime’s KSI Blockchain technology for integrity assurance of new e-services. The blockchain integration will ensure transparency, auditability, and security of the information processed in government systems.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

For sample report please visit : https://www.statzyreports.com/report/sr498554/blockchain-market
Contact Us:
Poojan Dogra
Public Relations Manager
Email : This email address is being protected from spambots. You need JavaScript enabled to view it.
Email : This email address is being protected from spambots. You need JavaScript enabled to view it.
(IN) - +918484035727
(US) - +1415-871-0483
Website : www.statzyreports.com

Grand launch of largest worldwide online marketplace platform AfricanCaterers.com for African caterers

London, UK, May 18, 2021 - AfricanCaterers.com announces the grand launch of the world's largest online marketplace for African catering service. Customers can use the AfricanCaterers.com marketplace to search and find the best African caterers near their local area for creating unique experiences and events featuring African cuisine and hospitality. With AfricanCaterers.com marketplace, it is easy to connect with caterers that provide an extraordinary culinary experience featuring authentic African food. 

AfricanCaterers.com is based in South Wales, United Kingdom, and is available to users all over the world. AfricanCaterers.com has caterers for all occasions, corporate luncheon, dinner party, wedding celebrations, birthday parties, graduations, remembrance, and all special occasions. It is the marketplace for all African catering services like food services, cocktail, barbecue, buffet, catering equipment, waiting staff, party decoration, takeaway, and drop-off service.  African Diasporas who are planning for events in their respective home countries can also contact caterers on the platform and hire them. The marketplace is created to provide flexibility, convenience to customers, event planners, corporate bodies, party hosts in their choice of caterers in line with a set budget.

 
AfricanCaterers.com receives requests from a large range of clients with different needs like a wedding reception, birthday celebration, corporate meetings, or private party. Service providers will receive only relevant requests that are coming from customers depending on chosen business and categories in their profile. For a small fee, service providers can contact the customers and respond to the request sent to them to complete the deal. It is completely free for caterers to sign up for an account and view the customer requests available in their local areas.
  
AfricanCaterers.com marketplace platform connects African caterers who can serve delicious African delicacies to customers searching for reliable, professional African caterers around the world. As the world’s largest marketplace for African catering, it is the preferred solution among African caterers for growing their business. 

About AfricanCaterers.com
AfricanCaterers.com, previously as AfricaFoodCatering.com, makes it easy to source African Food Caterers and Catering Services Providers for big parties, occasions, anniversaries, business luncheon, etc. Our platform provides you the opportunity to choose the right catering provider that meets your requirements and budgets. Customers can be assured that all our listed catering service partners are experienced, with impeccable backgrounds, well trained, and compliant with all relevant regulations associated with their industry.
 

The LBVR is a place of business where VR devices are deployed, allowing users to experience VR by physically interacting with the environment in a way they can’t in their own home. Some of the examples of experiences that LBVR enable include walking around a haunted house, or running around a warehouse with walls that are made of foam, but look like bricks in VR.

- While some of the LBVR experiences provide users with a VR headset, a VR backpack PC, and a custom-designed space, some other LBVR experiences provide users with a mobile untethered VR headset paired with roller coasters, wind tunnel diving, and other activities.

- The market for LBVR is still in a nascent stage. Making the VR experience more real serves as a critical driver for market adoption and penetration. Increasing implementation of VR technology, increasing investment in VR technology, and the growing popularity of 360-degree content are some other major factors influencing the growth of LBVR market. High-quality content plays a crucial role in this industry, and the market is expected to grow as more compelling, high-quality content that appeals to a wide demographic makes its way into the market.

- VR technology has gained widespread recognition and adoption over the past few years. Recent technological advancements in this field have revealed new enterprises. Numerous players are emerging in this market with a hope to navigate it toward mainstream adoption. The future of the market is expected to be more competitive with technology giants, like Google venturing into the field by investing considerable amounts in the tech startups for the development of VR devices, along with other prominent players investing in their R&D over this segment. it is estimated that owing to its huge scope of application LBVR are expecetd to garner a user base of over 1.5 billion, over the next five to six years. .

For sample report please visit : https://www.statzyreports.com/report/sr498579/location-based-virtual-reality-vr-market

Key Market Trends

Growing Popularity of 360-Degree Content

- The market for virtual reality is expanding at a rapid pace, and the location-based VR market is quickly following suit. With the development of new technologies like 3D, 4D, 5D and advanced VR content, 360-degree videos have been introduced in VR and have become one of the notable trends in the global gaming content market. These camera systems are known to record the entire 360-degree view of a scene simultaneously.

- The entertainment sector has witnessed prominent advances with the help of this advanced technologies. Various digital arenas and mainstream platforms of gaming are poised to grow with the rising demand for immersive environments. With the high-quality content being produced with the help of advanced camera systems, the popularity and acceptance of location-based VR is expected to grow and witness the massive potential for the VR market, over the forecast period.

- Early 2019 released statistics from YouTube show that around 3.1 million people are subscribed to YouTube’s official VR channel that hosts best VR-ready 360-degree videos. Similarly, report from Tech Trends estimates put that that Facebook is currently hosting around 1 million 360-degree videos which have generated around 580 million views so far.

Asia-Pacific Region expected to Witness Significant Growth

- Asia-Pacific is expected to hold the major share, owing to the presence of large and several emerging economies, along with the rising acceptance of virtual reality devices in the region. This is, in turn, expected to encourage industry players to invest in the region.

- China is expected to account for a prominent share in the region, owing to the rising adoption of VR technology in the country. Many startups pertaining to virtual reality are on the rise, in the country. For instance, Palapple is developing its own VR products. The company also created a project called VResidence, which offers a number of virtual reality real estate products, including an online platform for the second-hand property.

- Digi-capital reported that the overall spending on virtual reality in the Asia-Pacific region is around USD 5.1 billion, in 2018 and China has the potential to take more than USD 1 of every USD 5 spent on VR market globally and the combined influence of other countries in Asia could account for more than half of worldwide VR revenues by the end of the forecast period.

Competitive Landscape

The Location-based VR Market is highly competitive and is currently dominated by a few players with their technological expertise in VR technology. The global market is witnessing a rise in competitiveness among the companies. However, the market is expected to be nearly consolidated in nature. With increasing innovations in technology, the major players in the market are focusing on expanding their customer base across foreign countries by leveraging on strategic collaborative initiatives to increase their market share and their profitability. The Void, LLC, Exit Realty Corporation, SpaceVR, Survios, Inc., Hologate, Zero Latency PTY LTD, Oculus VR Inc., HTC Vive Tech Corporation, Tyffon Inc., and Neurogaming are some of the major players present in the current market.

- May 2019 - Hologate announced that its immersive VR offering has taken in 2 million players since they first launched in 2017.

- March 2019 - The Void announced its expansion into the Asia-Pacific, with a focus to make more investments in China, Malaysia, Hong Kong and Singapore.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

For sample report please visit : https://www.statzyreports.com/report/sr498579/location-based-virtual-reality-vr-market
Contact Us:
Poojan Dogra
Public Relations Manager
Email : This email address is being protected from spambots. You need JavaScript enabled to view it.
Email : This email address is being protected from spambots. You need JavaScript enabled to view it.
(IN) - +918484035727
(US) - +1415-871-0483
Website : www.statzyreports.com

Every day, more and more people turn to their smartphones for everything from checking in with friends to paying their bills. Businesses of all types are taking advantage of this screen time by creating engaging and useful mobile apps to stay connected with customers that are new, old and potential. Custom mobile app creator MORBiZ has released several new features to help small businesses get the most from their smartphone apps.

Savings Feature
Utilizing customer saving features in your new custom mobile app is a great way to influence spending. Some of the most popular options are app-only coupons, digital punch cards or digital scratch and win games that reveal discounts and other saving incentives.

Customer Rewards Programs
Rewards features are excellent for getting customers to come back to your business over and over again. These programs can include points rewards, spend based rewards or an automated value system that encourages year-round spending.

Events Calendar
An updated events calendar keeps customers informed about upcoming sales, special promotions, product releases or other things happening with your company.

Appointment Booking
Does your business require appointments? Then this app feature is a must have. A custom appointment booking app tool can allow customers to book general appointments with the business or book with specific employees. This tool is perfect for everything from salons to auto shops.

Push Notifications
With an app, you can send push notifications to all users, or just certain segments, to provide them incentives to visit your business. Popular uses of push notifications include informing customers of flash sales, sending new product images or reminding them to schedule an appointment.

Quick Contact Capabilities
It’s important that customers know how to get in touch with you when they need your services in a flash. Quick contact features, such as one click calling or messaging and instant driving directions, ensure you’re never out of reach.

Creating a custom mobile app for a small business has never been easier thanks to MORBiZ, a local business app developer. We work with business owners to create powerful web presence tools that drive sales, including apps, websites and pay-per-click advertising. To learn more about our custom small business apps, give us a call at 1-855-266-7249 or use the contact form at https://www.morbiz.com/web-contact-form. We can’t wait to launch your new app!