Telecom Giant Thinks Blockchain Can Make Phone Insurance More Convenient

South Korean telecommunications firm, SK Telecom, announced a blockchain-based document submission process for mobile phone insurance. SK Telecom' new system will allow the telecom giant’s customers to skip this outdated process, and complete everything online quickly and securely.

SK Telecom expects mobile phone service centers and insurance companies to cut costs and improve processing speed, allowing them to resolve customer complaints in a timely manner. The company states that Samsung’s Galaxy series will be the first phone compatible with the new service.

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