South Korean telecommunications company, SK Telecom, announced a blockchain-based document submission approach for cell cellphone insurance policies. This new protocol will do absent with the company’s present antiquated paper processing approaches.
Before now, people experienced to pay a visit to a complex mend business office to acquire insurance benefits for ruined phones, in accordance to Itbiznews. Effective visits would conclude with a claim receipt, which they then had to ahead by means of email or fax to the insurance policies firm.
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