News

Appsfactory carries out one of the very first blockchain projects in the insurance sector together with Versicherungsforen Leipzig

The new “Thank You” app, created by Appsfactory in partnership with Versicherungsforen Leipzig and Digital Impact Labs Leipzig, has been introduced at ITERGO, the IT service provider for the ERGO Insurance Group. The project’s goal was initially conceived as an internal project to implement blockchain technology and its possibilities in a real application.

The blockchain technology promises a host of benefits for companies, such as transparency, decentralisation and a reduction in unnecessary IT infrastructure, plus low transaction costs. To date, there are hardly any examples of success where blockchain technology has been used productively in the insurance industry. ITERGO, too, raised the question of actual scenarios where blockchains could be used, and decided to try them out in a project. Bernhard F. Kraft, ITERGO Managing Director, commented: “ERGO has been attempting to get to know the technology and better understand its possibilities, to actually try these out and to implement them in a real case scenario as an educational project for staff to learn about it in the company. This goal has been fully accomplished as part of the cooperation.”

During the course of the project, an evaluation of suitable application was initially carried out by “Versicherungsforen Leipzig”, which shortlisted scenarios out of a list of more than 20. The first use case was then selected to be tried out. Afterwards, the iOS application “Thank You” was developed based on the blockchain, with which staff at ITERGO were able to thank and reward each other anonymously using virtual coins. These coins can be exchanged for minor non-monetary bonuses in shops connected to the scheme. The skills and experience gained from the project are intended to be used in order to identify and implement further insurance-specific applications in the insurance environment.

“It didn’t take us very long before we were able to successfully launch our first blockchain project together with Versicherungsforen Leipzig. The project gave us the opportunity to expand our blockchain knowledge as well as gain valuable expertise in the field of digitization in the insurance sector”, said Dr Alexander Trommen, CEO, Appsfactory.

Appsfactory would like to thank everyone involved in the successful partnership, and looks forward to trying out further exciting projects using blockchain technology.

11. April 2019
9. April 2019

The International Academy of the Digital Arts and Sciences presents the Webby Awards once a year for excellent achievement on the internet. In 2019, there were around 13000 entries from over 70 countries. The jury included the tagesschau news app created by Appsfactory in the official preselection for the “Apps, Mobile and Voice” section in […]

2. April 2019

11 years since it came into existence, Europe’s most important event in the health IT sector for decision-makers from the healthcare industry, politics and science – DMEA – formerly conhIT (Connecting Healthcare IT), will take place under a new name. This is part of a strategic opening for new target and specialist groups from the […]

13. March 2019

The winners of the fifth German Stevie Awards were announced on 7 March 2019. Appsfactory can build on last year’s success and celebrate winning gold in the “Entertainment” and “Travel” categories for the mobile apps WoodieHoo Tierfreunde and ABOUT BERLIN. Since 2015, the German Stevie Awards have been regarded as a top-class award for the […]

11. March 2019

A few days ago, the new “beurer CalmDown” app, an innovative relaxation aid, was released in app Stores for iOS and Android. The mobile app was developed by Beurer for use with the Beurer stress releaZer connected device. Users can reduce stress and find inner peace with targeted breathing training using the innovative relaxation app […]

6. March 2019

This week Appsfactory opened a new office in Munich, the first one in southern Germany. As Germany’s leading specialist agency for customer-centric digital transformation, Appsfactory has now opened its fourth office in the Bavarian capital. Founded in Leipzig in 2009, the company expanded to Hamburg in 2016 and opened another office in Erfurt only last […]