/biz/ - Business & Finance

insurance payments

>>17513840
Just say, could use "smart contracts" next time. Chainlink just offlads the risk of hackers changing data off of contract parties and onto oracle operators who collect fees.

Smart contract for the health industry is a complete meme. You need definite, simple, structured, binary data, whereas health data is interpretative and complex. At best you'd have to rely on some IoT shit like pace maker data to trigger insurance payout after a heart attack or something and it's just retarded. Even for simple parametric insurance policies like flights it's gonna take decades to get traction because it's a slow as shit industry. Stuff like archiving clinical data and medical records on chain also a meme for obvious confidentiality reasons. Same reasons why use cases for other very human centric industries are also bullshit, like putting work history and digital identities on chain for human resources firms. This shit is really only good for the financial industry like derivatives. Good news is it turns out it's also the only industry that matters.

>>17514006
>This shit is really only good for the financial industry like derivatives. Good news is it turns out it's also the only industry that matters.

>>17513840
Figure out a way to get a user's fitbit or w/e to broadcast data to a chainlink node, triggering a smart contract if they spend X amount of minutes per week/day/month at an elevated heart rate, or broadcast distance walked as a smart contract trigger.