The creation of blockchain ecosystems can boost the case for automated insurance processes. The track record of transactions, combined with the potential to collect and timestamp reliable data and events opens the door to a new insurance marketplace on the blockchain.
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Blockchain has seen multiple use cases over the years, from simple payment coins to tokenizing art. But there is a class of projects aiming to build solutions to last over the years, with a level of complexity rivaling traditional business and financial structures.
https://hackernoon.com/what-does-2021-hold-for-insurance-on-the-blockchain-fz3z33bv
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