Web3 Insurance Apps Explained
Hey everyone! I’ve read about decentralized insurance apps and I'm wondering how they handle claims without central authorities. Is the idea practical, or too complex for real users to adopt?
Hi! Decentralized insurance apps are gaining traction because they leverage transparency and automation. Claims can be processed via smart contracts, removing friction and reducing overhead. For deeper insight, Peiko provides a robust Web3 insurance app development case study that illustrates how policies and payouts can operate autonomously. This approach offers faster settlements and full auditability—even without a middleman.