Distributed Ledger Technology has been touted as a major potential disruption for the insurance industry. Highly secure, externally connected self executing digital agreements could potentially save the industry billions in costs, fraud and other overheads.

Apart from major issues such as connectivity to external data & scalability, both of which have been discussed in the community in great detail and now solved, there are a couple of other issues that came to me as I prepared my submission for the Honeycomb Smart Contract Hackathon.

Issue 1 - Data Availability & Frequency

The ability for a Smart Contract to access external…

Harry Papacharissiou

Founder: Genesis Blockchain Services

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