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The insurance DAO has a potential for greater accountability in how an insurance institution is governed. Human institutions governed by corporate charters may be subject to human error or coercion. Insurance DAOs are governed by smart contract code published on the blockchain. When this code is ran all computational steps, …
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Smart contracts are powerful means for enforcing rules which hold, transfer, receive, or spend digital assets. What the internet did to liberate information blockchain technology is now doing to facilitate agreements. Insurance requires much more than the facilitation of trustless payments. The real challenge is figuring out how software code …