Decentralization is a powerful idea which grants power back to people where it belongs: into their own hands rather than being controlled by governments or concentrated among large corporations. Blockchain technology is one of the many examples showcasing how decentralization can benefit us all.
The blockchain has gone through a few iterations in the finance industry which have proven to be powerful tools producing real-world benefits for businesses and consumers. In addition, blockchain technology has been introduced to advanced third-party insurance products and claims processing. If you are interested in Bitcoin, you can check Bitcoin and Fiat Money.
Many companies have begun to experiment with different levels of transparency in insurance transactions, particularly around claims processing, when many industries are under heavy scrutiny for fraud and abuse. Some firms have found success in their tests, but work is still required before we see widespread adoption of this new...
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