Nayms, a blockchain-based tokenized insurance marketplace, has become the latest participant of Cointelegraph Accelerator.
Cointelegraph has announced that Nayms, an on-chain insurance marketplace that matches brokers and underwriters with crypto capital providers, has joined the Cointelegraph Accelerator program.
The insurance industry is a major market that can benefit from the blockchain revolution. Faced with many challenges, including costs, discerning customers and fraud, the insurance sector has immense potential for a blockchain-powered disruption.
According to reports, blockchain can pave the way for a $32.9 billion market for the insurance world by 2031. The distributed and transparent nature of the technology enables a comprehensive, secure and interoperable repository of insurance-related information. This is where the idea of a blockchain-based digital insurance marketplace came to life in Nayms.
