Friday, 24 March, 2023

These 3 industry areas are transforming using ‘Blockchain’

<p>Insurance: Blockchain can automate the insurance process, ensure smooth claims, cut insurance fraud. Banking: Blockchain is used to validate identities, detect fraud in KYC rules. Travel: Blockchain&rsquo;s P2P transaction feature avoids middleman between a traveller and host. Data storage feature can save information about frequent travellers, later sending it directly to officials for checking. This reduces the time for passport checking. &nbsp;</p>