Unleashing the Value of Blockchain with Smart Contracts
Blockchain technology is driving the insurance industry with its potential use cases like smart contracts, fraud prevention, etc. Enterprises are implementing smart contracts and realizing its benefits with safe and secured transactions reducing fraud, saving time and money.
Maersk and Guardtime teamed up to build an Insurwave platform with smart contracts to offer insurance policies for 1000+ vessels in its first year and control 500K+ ledger transactions. SPs act as key blockchain enablers with their smart contracts and platform interoperability services.
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