How Smart Contracts Are Making Car Insurance Pay Per Mile

Lucas and Luna dive into the mechanics of usage-based auto insurance on blockchain. They break down how smart contracts on Ethereum are enabling pay-per-mile policies that settle claims instantly, using telematics data verified by oracles. The conversation anchors on a real pilot in the UK that launched this week, cutting premiums by 30% for low-mileage drivers. They also connect the trend to broader DePIN and IoT applications, discussing how this model could reshape the $300 billion auto insurance industry. Along the way, they touch on data privacy concerns, the role of Chainlink oracles, and why traditional insurers are watching closely. This episode is a practical look at how blockchain moves beyond speculation into everyday financial products. #SmartContracts #Insurance #DePIN #Ethereum #Chainlink #PayPerMile #AutoInsurance #IoT #Oracles #Blockchain #Crypto #Technology #Business #FexingoBusiness #BusinessPodcast #CryptoTech #DecentralizedTech #RealWorldAssets Keep every episode free: buymeacoffee.com/fexingo