State Farm embraces blockchain to streamline insurance subrogation

State Farm embraces blockchain to streamline insurance subrogation

The State Farm is experimenting the blockchain technology in connection with a new platform for insurance subrogation. A blockchain solution was trialed for the manual process of subrogation. Integration of the blockchain would provide various benefits. The innovation executive acknowledged its ‘potential to decrease the amount of time for customers to receive their deductible reimbursement.’

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