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Insurance is the type of thing that I believe the Blockchain could really solve: Instead of paying a "for profit" company, let's create a set of smart contract
by xtracto 7y ago
Insurance is the type of thing that I believe the Blockchain could really solve: Instead of paying a "for profit" company, let's create a set of smart contracts where we can execute the payments (transfers) to a "concentration" account, and when someone needs to cover medical costs, we transfer from that account to the person in need.
We can have third-party "evaluators" that anonymously evaluate and guarantee the reality of the medical claim, and let the network approve or reject the claim based on those evaluations.
- athenot 7y agoHow is that different from a regular single-payer system found in many countries?
- xtracto 7y agoIn that it is not managed by the government. I don't have a problem with that (I myself live in a country with socialized medicine), but it seems that a lot of people in the USA don't like the government meddling into some of their business.
- rlpb 7y agoThat's very easy to suggest. The challenge is to come up with a scheme where individual actors' interests cause their behaviour to be aligned with our goals for the system as a whole. This is extremely hard to do. It isn't at all clear that it's even possible. Merely suggesting it isn't enough; to add something valuable to the discourse, you really need to describe the scheme itself, and that scheme needs to have a credible chance of success.
- amaccuish 7y ago> Insurance is the type of thing that I believe the Blockchain could really solve There's always one...