kaal:claim:5254152-007

In insurance, smart contracts that automate verification and settlement reduce administrative costs and increase both the speed and the accuracy of claims processing.

Source quote, verbatim

Blockchain technology ensures transparency in claims processing, with smart contracts automating verification and settlement. This reduces administrative costs and increases the speed and accuracy of claims processing.

From

Wulf A. Kaal, DAO Market Meta Analysis 2024 (2024), Decentralized Risk Pools, p. 8
https://ssrn.com/abstract=5254152 · source PDF

Cite as

Wulf A. Kaal, DAO Market Meta Analysis 2024 (2024). SSRN: https://ssrn.com/abstract=5254152

Holds when

insurance claims handled through blockchain based DAO structures

Classification

mechanismsupport: asserteddecentralizationsmart-contracts

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