Web3.0 in Insurance: Frontrunners & Mainstream

Originally published at: Web3.0 in Insurance: Frontrunners & Mainstream - Daily Fintech

Insurance business models are beset with high operating costs, opaqueness and information asymmetry. With the advent of Web3, smart contracts, and decentralized autonomous organizations (DAOs), newer ways of transferring risk are coming to market. The use of blockchain technology within insurance is proving to reduce costs and improve end-user experience. This final part, a continuation…