Our technology

Piprate’s enterprise-grade tech stack combines cutting-edge blockchain technology with the most robust security and encryption measures on the market. Serving an ecosystem of insurance data products and applications, Piprate is supported by a distributed data sharing layer and a unique data model perfectly suited for distributed applications.

Platform architecture

Data Sharing Layer: ChainLocker

ChainLocker is core data sharing service that exposes an API to interact with the platform, accepting data storage/sharing/retrieval requests and interacting with the following underlying components:

  • The Distributed Ledger stores a consistent and unambiguous ‘state of the world’ to ensure all platform participants get the same view of data. Each record on the ledger represents a data transaction, such as submission, sharing, updates/ relationships, or consent revocation. The Distributed Ledger is shared and available to all platform participants.Piprate is blockchain-agnostic, offering the ability to run on a variety of blockchains, including Hyperledger Fabric, Corda, Quorum and the Next-Best-Blockchain-Tech.
  • Off-Ledger Data Storage stores encrypted metadata about specific data transactions. This metadata is only available to transaction participants. Piprate’s modular design support a number of storage technologies, but we recommend using IPFS.
  • Corporate Data Storage (ChainLocker Vaults) is the main storage layer for stored/ shared data. Data is secured via an AES-256 based end-to-end encryption solution, and only participants in the data sharing transaction are able to decrypt the data.The ChainLocker Vaults are generally controlled by the primary beneficiaries of data they store. Vaults can be based on various storage technologies, including file systems, cloud storage, IPFS or any web services that serve data. We discourage interacting with databases directly.
  • Identity Management connects your preferred decentralised identity provider, be it uPort or Hyperledger Indy, with a traditional enterprise identity management system to get the best of both worlds.

Insurance industry participants interact with the platform using a web application and an API (for system integration), connected to the DLT network via a ChainLocker Node.

Identity-Centric Data Layer

This layer performs functions similar to a traditional Master Data Management system, but has been developed to meet the needs of the decentralised world and future data sources, using proprietary mtehodologies.

Insurance Data Services Layer / Marketplace

Supported by the solid foundation of trust, security and extensible data modelling, this layer provides the core insurance data structures (policy administration, claims, reinsurance contracts, etc.) and interoperability between insurance industry participants. It provides a framework for third-party analytical services and applications to form a marketplace for plug-and-play components of a modern digital insurance player.

Exposure Exchange

We offer a secure cloud-based app for reinsurance brokers and (re)insurers to streamline exposure and data sharing across the supply. It allows exchanging exposure data and other documentation while negotiating reinsurance contracts, validates provenance, facilitates data augmentation and delivers a secure channel for bi-directional access to essential datasets.

Pricing, Insights & Analytics

We’re working with a number of service and data providers to enrich the Piprate platform ecosystem with new offerings.