State Farm, USAA to Pay Each Other Insurance Claims on Blockchain by 2020

U.S. insurance giants State Farm and USAA have entered advanced testing of a blockchain to automate the time-consuming and paper-heavy processing of automobile claims. Announced Thursday, the companies developed this system using Quorum, the private enterprise version of ethereum created by JPMorgan Chase. State Farm and USAA began working on the joint platform (which is […]

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