Is the Future of Insurance in the shadow of Decentralized Finance?

  Is the Future of Insurance in the shadow of Decentralized Finance? Insurance has the potential to play a significant role in the decentralized finance (DeFi) sector. Most investors have grown up with fiat-based financial concepts and are familiar with insurance. Insurance is a necessary component of the financial system, whether offered by the Federal Deposit Insurance Corporation (FDIC) or a private provider. Decentralized Finance Development Services  can provide the same peace of mind and broad help by filling the gaps left by traditional insurance. Decentralized financial insurance can help with this. The DeFi platform uses blockchain, a distributed ledger technology that modernizes traditional services. The method removes the intermediary order ledger and mediates the addressing of wise contract programs in an extreme phase. A good contract can be a pre-programmed operation that must be ended by automatically reacting when an error occurs at regular intervals. Smart con...