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SK Telecom, LG U+ launch blockchain-based phone insurance claims

SK Telecom, LG U+ launch blockchain-based phone insurance claims – Ledger Insights – enterprise blockchain

South Korea’s SK Telecom and LG U+ are launching a blockchain-based mobile phone insurance claims service to process pay-outs without submitting paper documents, a Yonhap News report said. The solution called ‘Initial Mobile Phone Insurance Compensation Service’ can process insurance claims by retrieving documents directly from the service center.