Blockchain in Insurance: Transparency and Smart Contracts

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Blockchain in Insurance: Transparency and Smart Contracts

Blockchain in Insurance: Transparency and Smart Contracts

Updated for 2025 • Blockchain is changing insurance by making contracts automatic, transparent, and fraud-resistant.

1) What Blockchain Adds

  • Immutable transaction records.
  • Smart contracts for automatic payouts.
  • Fraud reduction through transparency.

2) Use Cases

  • Flight delay insurance with instant payouts.
  • Health claims processed automatically after hospital data upload.
  • Supply chain policies verified in real time.

Conclusion

By 2025, blockchain is a critical tool in insurance, offering efficiency, trust, and customer confidence.

Labels: Insurance,Technology