The role of Blockchain technology in the future of insurance claims

Blockchain is the software basis of the virtual currency known as Bitcoin. It stores a digital record of transactions in a fraud-proof ledger that is filed decentrally. A recent Digital Market Outlook report revealed ways that Blockchain technology may affect the way insurance claims are handled in the future. For instance, flight insurance policy claims payments could be made to policy holders in real-time as an airline’s flight data reports a delayed or cancelled flight. The insured would no longer have to waste time filing a claim. This is just one of the many new exciting possibilities of Blockchain technology. We invite you to visit our website for more of the latest in personal finance news and trends. https://1stax.com/


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