/biz/ - Business & Finance

Still waiting for smart contract adoption, linkies?? Banks and insurance giants announcing partnerships end of year, the fat man said, didn't he?? First AXA and then Allianz, all will use the oracle standard for decentralized insurance, it's all in the breadcrumbs, right?? hahahahaha

>Fizzy, AXA’s blockchain-based flight insurance platform, has closed its doors after two years in business . French insurance firm AXA has discontinued its delayed flight insurance product, which was built and deployed on the Ethereum network. As the second-largest financial services company by revenue in the world, AXA has made various attempts at implementing blockchain technology into its insurance products. Named ‘Fizzy’, AXA’s blockchain-based product promised “smart insurance” with “automatic compensation”, designed to reduce claim times and hassle for passengers waiting for delayed flights. As of today, Fizzy’s website has shut down, informing customers that the “Fizzy experience is over”. Despite its innovative nature, AXA has struggled to reach commercial targets with its first Fizzy product, claiming there isn’t sufficient market appetite for a blockchain-based consumer insurance product yet. AXA also commented that the right distribution channels don’t yet exist for Fizzy, which points to the wider issue of adoption in the blockchain industry. Many experts have claimed that the insurance industry lends itself well to blockchain disruption. However, many may now question the relevance of blockchain for insurance purposes if a company as well-funded as AXA can’t make decentralised solutions work.

https://coinrivet.com/axa-drops-ethereum-based-flight-insurance-platform/

hahahahahaha didn't read not selling you had 2 years huh? stay fucking deluded instead of facing reality, literally no one wants to use that shit it really is just a fucking ponzi

>>16149145
>Possible attack vector - exit scam attack
ahhhhhh nooooooooooooooooooooooo there it is in plain sight he's exit scamming in russia