The Rise of Decentralized Insurance in The Modern World
The insurance business has been thriving well since its inception in the 18th century. Insurance activities such as risk assessment, premiums calculation and receipt, and claims payout have undergone subtle but consistent changes through the years. But generally, insurance did not go through such an intensive change enough to revolutionize the entire business. But all of this changed when cryptocurrencies rose in popularity. It impacted the insurance business in unique ways due to the rise…
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