Insurance industry
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Hi guys,
What I see is that insurance industry runs pretty smothly in fiat world.
In fact there is so much money to grab I am really amazed with this system.
Basically all your insurance should cost half price as there is plenty of money going to insurance agents.
It might be interesting discussion to see if insurance can work also with decentralized blockchain based systems.
Do you have any opinions on that issue?
m.
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You see… hard to answer anything as crypto can supply all banks instantly but for insurance industry it always needs centralized orgranizations over the protocol.
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The question of insurance is an interesting one, not exactly a forum member expertise that I’ve noticed.
It’s probable that automatic blockchain technology contract systems could be used but then there is the question of private insurance over community risk reduction.
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Insurance systems, buy your premium by mining for the network (credits) use them to purchase products, or just directly buy “shares” with other coins. Your private key is the policy itself?
You would have vested interest in mining, as you verify your own policies…
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Insurance systems, buy your premium by mining for the network (credits) use them to purchase products, or just directly buy “shares” with other coins. Your private key is the policy itself?
You would have vested interest in mining, as you verify your own policies…
Make this work and you will be one of the richest man on planet…
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Patience, someone will :)
