The DAV Foundation Is Creating An Open Network That Could Change Car Insurance Forever

By Bradley Berman — Lead Editor

There are many significant ways that blockchain technology could immediately change the transportation sector: transforming automobile insurance is near the top of the list. If a decentralized, immutable ledger rather than a claims adjuster backed the condition of a car after an accident, fraud and long delays in settling claims could be erased overnight. Lost paperwork and human error would no longer encumber the process.