Telecom Giant Thinks Blockchain Can Make Phone Insurance More Convenient

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.

Cooperation with Samsung

SK Telecom' new system will allow the telecom giant’s customers to skip this outdated process, and complete everything online quickly and securely. Read More...

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