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

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

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.







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