The Blockchain and the Insurance industry

The block chain and the insurance industry (You tube caption)
This video talks in detail on how the block chain could be useful when it comes to the insurance industry. The existing insurance industry has been ranked as one of the worst industries from customer perspectives. This has been due to Complexity of questionnaires, need to maintain many physical receipts etc .Revolution of the block chain could avoid all of these hazels as it can be used to personalize , make possible to do peer to peer insurance as well as do insurance process cost effectively as it decreases administration cost, avoid physical documentations etc.

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