Reading the latest and updated Blockchain news you are fully aware of events and policy changes taking place around the world. For instance, the latest report is coming from France where the local insurance giant AXA has launched a new flight delay insurance product that uses the public Ethereum blockchain to store and process payouts.
Needless to say various portals providing comprehensive coverage to blockchain news admit that the product, called Fizzy, is being pitched as a "smart insurance" tool that flyers can use to insure their trips if their flight is delayed by two hours or more. The new solution is all set to meet the requirements from the users nationally and internationally as well.
In fact, the product makes notable use of smart contracts, self-executing piece of code that triggers once certain conditions are met on a blockchain. According to the blockchain news providers AXA admits that Ethereum's public blockchain plays two key roles here. Also, according to the firmcontinue reading