How Blockchain and Smart Contracts Transforms Insurance and InsurTech?
Smart contracts for digital insurers are getting a lot of attention these days. They offer a faster, safer, and less expensive way to provide cover
Blockchain Insurance Network can bring about significant efficiency gains, transparency, faster payouts, cost savings, and fraud prevention while allowing for real-time data sharing between several parties in a trusted manner for Insurance companies.
Blockchain can also enable new insurance practices to build better products and markets. Blockchain’s shared ledger technology can move fraud detection forward by consolidating claims data across insurers.