HurricaneGuard Utilizes the Ethereum Blockchain to Automate Insurance Payouts

HurricaneGuard Utilizes the Ethereum Blockchain to Automate Insurance Payouts
фото показано с : btcmanager.com

2018-12-4 22:00

Cryptocurrencies are akin to natural catastrophes when it comes to unpredictability. However, HurricaneGuard has introduced a new solution which aims to take the natural disasters insurance sector by storm with the help of blockchain technology.

The Puerto Rican brand makes use of smart contracts to facilitate automatic insurance payout in the event of a natural calamity. Quick Relief from Disaster’s. . . Read More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News. origin »

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Источник: btcmanager.com

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Filing insurance claims and collecting compensation after a natural disaster is a complicated affair. Some companies like Etherisc are looking to utilize blockchain to help speed up payouts. In a world where natural disasters are seemingly increasing in intensity, insurance companies have to stand ready to leap into action to help clients get payouts for damages, and get back on their feet.

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