endorsedCompleted

Blockchain-based Web Platform for Insurance Company

Services Covered:

Custom Software Development

Industry

Financial Services

Duration

5 months

Budget

50K - 199K

Start Date

1 February 2022

Team Size

1-5 Employees

Engagement Model

Offshore

Project Capability Score (PCS)

79/100

Good

Project Capability Score (PCS) estimates how capable SpaceDev is of successfully delivering a project like this, based on its past experience, track record, and ability to handle similar work. Learn more about PCS

Client

Confidential

Uruguay

Project Summary

An insurance company hired SpaceDev to build a blockchain-enabled web platform to support smart contracts and digitize internal operations. SpaceDev led a two-week discovery sprint and developed the product using React, Node.js, and MongoDB, delivering features such as scalable architecture, user-friendly claim forms, document upload, and PDF export. The engagement reduced paperwork in payment processes, migrated existing client policies, and attracted new clients while stakeholders noted transparent, Agile-based communication.

Key Challenges

Transition to smart contracts
Digitize and automate internal operations, including payment processes
Migrate existing client policies and claims histories into the new platform

Project Deliverables

Web platform with smart contract support
Discovery sprint deliverables: development plan, project structure, MVP goals
Integration of third-party services
User-friendly claim forms and document upload functionality
PDF export capability
Scalable platform and support improvements

Project Solution

SpaceDev developed a blockchain-enabled web platform for the client, beginning with a two-week discovery sprint to produce the development plan, project structure, MVP goals, and third-party integration plan. They implemented the application using React, Node.js, and MongoDB, then built features including scalable infrastructure, user-friendly claim forms, digital-evidence upload, and PDF export. The team performed migrations of existing client data and supported the product through beta to production over the engagement.

Project Outcome

Slight decrease in paperwork usage and automation of payment processes
Eight existing clients had policies and claims histories migrated into the new platform
Signed on four new clients who cited improved confidence and security
Positive stakeholder feedback on Agile management and transparent communication

Platforms

Tech Stack

React.js
Node.js
MongoDB

Client Endorsement

Overall Review Rating

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“SpaceDev was able to fully digitize and automate the company's internal operations, increasing prospective customers in the process. The team was highly productive and responsive, but internal stakeholders were particularly impressed with their open and transparent approach to communication.”
Anonymous
Project Manager & Head of IT Department
Date: 08/08/2022