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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)?

Thanks.

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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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