I am trying to create a proof of concept for an insurance platform, a one that deals with risk and selling promises of coverage. A similar idea will be the car insurance platform's where you pay each month for 5 times coverage a year.

What I want to ask is how would ethereum and the smart contracts built on top of ethereum be useful in this case? Would it be just a paper contract integrity checking mechanism (like digital certification)?



For example, it can be useful in issuing funds to people once the proper authority inspects and estimates the damage cost of the accident.

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