Game-Changing Potential of Blockchain in Insurance (Claims Processing Use Case)
In the last few years, blockchain technology has gained significant traction across various industries as the most exciting technological developments. It is making our everyday activities more convenient and secure, like tracking medical supplies, removing banking bottlenecks, and by streamlining every business, governance, and non-profit activity. In this article, we will analyze how blockchain and smart contracts revolutionize insurance claims processing. Blockchain technology Blockchain is a type of distributed ledger technology-based digital database, similar to an Excel spreadsheet.