Latest / Crypto Tech with Fexingo: Blockchain, Smart Contracts, and Decentralized Technology
How Blockchain Automates Supply Chain Insurance
Traditional cargo insurance relies on paper trails, delayed claims, and manual verification that can take weeks. We look at how smart contracts are changing this by automating payouts based on real-time logistics data. The focus is on a specific case involving major shipping firms using IoT sensors to trigger coverage instantly when delays exceed set thresholds. This shifts risk management from reactive paperwork to proactive automation, reducing administrative costs and improving cash flow for exporters. We break down the technology behind these automated clauses, the challenges of data…
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