Smart contracts in this sector enable instant cross-border payments and facilitate decentralized lending through peer-to-peer loans.
Secure patient data sharing and authenticated pharmaceutical supply chains combat counterfeiting and automate insurance claims for faster reimbursements.
Blockchain-based smart contracts allow true ownership of in-game assets through NFTs, automate player rewards, and facilitate secure P2P trading of virtual items.
Smart contracts are redefining real estate transactions by enabling fractional ownership and automating sale agreements and escrow processes.
A lot of paperwork and human intervention is reduced in the insurance sector as smart contracts automate claims validation and payouts.
Businesses can optimize supply chains with blockchain-based smart contracts that automate payments on delivery.
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