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Blockchain to Simplify Travel Inconvenience Insurance Claim Settlements Over Airline Strikes - Valuates Reports
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A blockchain-based solution that can integrate flight information has been applied to automate travel inconvenience insurance processes and reduce claim settlement time by simplifying insurance application and claim settlement processes. Once specified conditions are met, the solution will send a claim notification to the insured automatically and the compensation will be paid into the insured's designated account through the solution's autonomous claim payout system.
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