SMART INSURANCE

Stablecoins are a more appropriate currency than other cryptocurrencies for smart insurance.
Smart travel insurance’ is one compelling example of the application of this technology.
Approximately 600k annual passengers do not file eligible insurance claims for delayed/cancelled UK flights.
A delayed/canceled flight is a public record that can be queried by a ‘smart flight insurance’ software application.
If the flight is delayed or canceled then the smart contract automatically pays the claimant, eliminating the painful claims process.
Insurance premium can also be escrowed ‘on-chain’ to eliminate counterparty risk.