фото показано с : invezz.com

Chainlink (LINK/USD) is transforming the sector by powering the next generation of blockchain-enabled insurance. Chainlink Decentralized Oracle Networks securely provide blockchain-based insurance products access to real-world data and off-chain computation.

With Chainlink, you can design secure parametric insurance products. Blockchain-based parametric insurance applications get access to real-world data, allowing them to automate claims processing and lower operating costs. Now insurance companies can provide greater coverage to global markets for weather, crop, flight, and travel insurance use cases.

The Chainlink Network helps secure tens of billions in value across the blockchain ecosystem. It makes it possible to leverage time-tested oracle infrastructure and high-quality data to build new types of insurance products (e.g., collateral protection for crypto-based loans) for the blockchain ecosystem.

Users can monetize their data by selling it to blockchain-based insurance projects. You can launch a Chainlink node to easily connect your existing data APIs to smart contract applications on any blockchain.

Blockchain-based insurance use cases include crop, flood, and flight insurance as well as collateral insurance. For example, Data Feeds can be used to enable fast and automated claim payouts in case of a catastrophic event.

Insurance is currently a multi-trillion dollar global industry. Insurance premiums account for almost 10% of global economic activity according to the OECD. On the macro scale, insurance plays a critical role in driving economic growth and jumpstarting innovation. In everyday life, insurance gives peace of mind to car owners, travelers, homeowners, farmers and more.

It is both a necessity and an afterthought, as most who pay for insurance won’t ever have to claim on it. However, those who end up filing claims often find that the process is not as simple as it should be.

By combining blockchains, the smart contracts built on top of them, and decentralized oracles, it’s possible to upgrade the foundational infrastructure of insurance to not only solve the problem of transparency but also streamline the entire insurance process and make insurance globally accessible to disenfranchised consumers.

Decentralized insurance protocols offer better, faster, cheaper, and more trust-minimized operational abilities, leading to faster insurance claims, arbitration, and payouts.

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