Blockchain types
Blockchain can help insurance firms, banks, hospitals, and even governments transfer and exchange massive volumes of data. There's more than one blockchain. Many blockchain projects are in development and in use internationally.
• Open or public blockchain: for governments or nonprofits with public information.
• Closed or private blockchain: only invited users may see and utilise the data. This would help insurance firms administer, bill, and pay claims by sharing policy information. Sharing just necessary information.
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