Ask HN: Why no insurance is fully transparent about how they handle each case?

2 pointsjulienreszka24d ago4 comments

I was thinking maybe it's possible to make an insurance on the Blockchain where an LLM is the oracle and people can see how cases are handled

4 comments

"Blockchain" isn't a magic word. Nor does it insure privacy. The implementation details would be complex if not impossible.

Also, insurance companies don't want transparency, ostensibly to prevent fraud, more likely to hide their own.

It would not be a company it would be something new like a defi dao

You mean I can see your medical records on the block chain?

Let's not pretend your medical record isn't already on the darknet

j / k navigate · click thread line to collapse

"Blockchain" isn't a magic word. Nor does it insure privacy. The implementation details would be complex if not impossible.

Also, insurance companies don't want transparency, ostensibly to prevent fraud, more likely to hide their own.

It would not be a company it would be something new like a defi dao

You mean I can see your medical records on the block chain?

Let's not pretend your medical record isn't already on the darknet

j / k navigate · click thread line to collapse