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Telecom Giant Thinks Blockchain Can Make Phone Insurance More Convenient

South Korean telecommunications agency, SK Telecom, introduced a blockchain-based doc submission course of for cell phone coverage. This new communications protocol will cast off the corporate’s present archaic paper processing strategies.

Before now, customers necessary to attend a technical restore work to obtain coverage advantages for broken telephones, in line with Itbiznews. Successful visits would conclude with a declare receipt, which they then necessary to ahead by way of e mail or fax to the coverage firm.

Cooperation with Samsung

SK Telecom’ new system will enable the telecom large’s prospects to skip this noncurrent course of, and full the peck on-line chop-chop and firmly.

The announcement states that dynamic paperwork with digital certificates will assist the corporate to firmly handle inquiries despatched to coverage corporations. They in addition hope that this new methodological analysis will assist to forestall doc forgery.

Saving cash with the blockchain adoption

SK Telecom expects cell phone company facilities and coverage corporations to chop prices and enhance processing velocity, permitting them to resolve emptor complaints in a well regular method.

The firm states that Samsung’s Galaxy sequence would be the first telephone appropriate with the brand new service.

Kim Seong-soo, SK Telecom’s gross revenue supervisor, expressed that the adoption of Blockchain know-how will develop to “various service areas in the future.”

On May 26, Samsung introduced a standalone jailer safety answer that secures cryptocurrency minutes on smartphones and tablets.

Cointelegraph beforehand reportable that South Korea’s NongHyup (NH) Bank will introduce a blockchain-based cell ID system, developed by a tech syndicate of corporations corresponding to Samsung Electronics and LG Uplus.

Telecom Giant Thinks Blockchain Can Make Phone Insurance More Convenient

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Patricia Bakely

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