Insurance companies must store, verify, and process massive amounts of customer data in order to make payments on claims. The lack of an automated solution has resulted in a complex ecosystem that invites inaccurate claims handling and policy manipulation. Not to overlook a helpless customer who has no choice but to use the services of a failing industry.Blockchain cryptographically connects claims data, transaction data, and other valuable data sets from all stakeholders in the insurance industry. The data in a ledger is copied to all, ensuring complete transparency.
blockchain in insurance use cases for insurance services
dunitech15 July 13, 2023Business
blockchain in insurance company in india
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