How Smart Contracts Can Change Insurance Sector?

With the innovation of new technologies added up to the IoTs such as blockchain and cryptocurrency, the businesses keeps getting better and easier. Starting from the inception of blockchain technology, we can definitely see a vast improvement in the usage of blockchain in various aspects. The most important one can be marked as the SmartContinue reading “How Smart Contracts Can Change Insurance Sector?”

What are Smart Contracts?

A self-executing contract with specific terms consensus between the buyer and seller directly written as codes. The code and the agreement will thereby exist in the widely distributed, decentralized Blockchain network. The code controls all the actions such as execution and transaction which are trackable and irreversible. Smart contracts will allow the users to carryContinue reading “What are Smart Contracts?”

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