The integration of blockchain in health insurance is a key trend gaining popularity in the global healthcare insurance market and thus the hospitalization insurance market. The incorporation of blockchain in health insurance provides many benefits, such as enhancing integrity and protection by offering better control of patient data, reducing regulatory and enforcement costs, and maximizing interactions between health practitioners, insurance providers, and insurers.
If we want DeFi to become a functional standard and create a blueprint that works, we need to stop focusing on tech hubs that already have banking solutions and look to places that need the support dapps provide. Enthusiasts may innovate, but it’s consumers who truly push new products to market success. In this context, a remote farming village would be a more arable place for the DeFi revolution to grow – we just need to scatter the seeds.