Comprehension of the Insurtech industry led Banknet to develop an ecosystem which is going to
benefit both the insurers and the insurance distributors and allow them to interact freely. "Smart
insurance" is going to help reduce the hassles of the insurance industry while reducing the costs and
inefficiencies of the market. Banknet's platform will be the main source for all the transactions to
take place, smoothly, using Smart Contracts which will be entailed with the required rules and
regulations with regard to ensuring