Innovation and Disruption of Traditional Insurance: Oracle Blockchain Insurance Injecting New Vitality!
With the continuous development and expanding applications of blockchain technology, the insurance industry is no exception. The shortcomings of traditional insurance models are evident, involving intermediaries that lead to information asymmetry and conflicts of interest. Insurance claims and processes are cumbersome and complex, making it difficult for users to obtain real-time and effective coverage. On the other hand, blockchain-based insurance models can achieve decentralized transactions and automated execution. They utilize oracles to provide users with real-time price data while ensuring privacy and security, effectively reducing costs and enhancing user experience. Oracle Blockchain Insurance is an innovative core solution for insurance. By integrating oracle technology, it locks the investment returns of digital assets into mainstream cryptocurrencies globally, forming a fund pool for Oracle Blockchain Insurance products. It provides users worldwide with trustless...