I don't need to fight airlines and insurance agents for compensation when my flight gets delayed. A smart contract can unlock insurance payouts as soon as indep

I don't need to fight airlines and insurance agents for compensation when my flight gets delayed. A smart contract can unlock insurance payouts as soon as independent organizations responsible for managing air traffic verify the delay. Cutting out all the current manual labor will lower insurance premiums and offer much more trustworthy service. This is typical automation story. Replacing switchboard ladies with automated systems wasn't "fundamentally different" either, but made calling much more efficient. Government organizations are already collecting loads of machine-readable stats on things like road accidents, and it's fairly trivial to tie these sources of ground truth with automated insurance systems. There should be no reason for me to fill forms and for a lady in a expensive office building to process them, if my insurance is simple standard contract and department of transportation has a database entry stating when, why and by how much my flight was delayed. A script on AWS can process that, and free our time for more valuable or more pleasurable enterprises.