Telecom Giant Thinks Blockchain Can Make Phone Insurance More Convenient

[Lorix]

This South Korean company joined forces with Samsung to forward requests to insurance companies using Blockchain technology.
South Korean telecommunications firm, SK Telecom, announced a blockchain-based document submission process for mobile phone insurance. This new protocol will do away with the company’s current antiquated paper processing methods.

Before now, users had to visit a technical repair office to receive insurance benefits for damaged phones, according to Itbiznews. Successful visits would conclude with a claim receipt, which they then had to forward via email or fax to the insurance company.
Read on: https://cointelegraph.com/news/telecom-giant-thinks-blockchain-can-make-phone-insurance-more-convenient