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These US Insurance Giants Will Pay Each Other on a Blockchain


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State Farm
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The New York Times
SOURCE: https://www.ccn.com/major-insurance-companies-blockchain-payments
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Summary

By CCN: USAA and State Farm have reportedly closed a deal that will see them using the blockchain to pay each other.So when two people get in an accident, and they’re represented by either of the companies, the company that has to pay will eventually be using a blockchain solution to settle the inter-company payment.The claims amount to billions of dollars a year, which is a lucrative volume that blockchains can settle in minutes.

As said here by P. H. Madore