Summary
Insurance industry runs on the principle of ‘Utmost good faith’, but there has been enormous damage to its reputation due to the fraudulent activities due to the centralized control that leads to misappropriation. Blockchain technology can streamline paperwork, increase data security and save businesses costs by cutting out time consuming claims processes.
What is in it for you?
Learn about how blockchain technology can be leveraged to build trust between the insurance companies and the public as a result of increased transparency.