Perfect questions, and thanks for engaging.

May the end of the day, the value of the house, the outcome of the arbiter, the weather incurred during the season are all some form of data. This is why deriving that data from decentralized sources is so important. Now we may not see some of the more complicated claims right away as you’re right, some of them we can’t automate yet. But the world is becoming more and more automated. An easier example is with farmers and weather data. It’s very easy for a machine to calculate how much rain has fallen, and compensate accordingly if it’s not enough.

There is still some work to be done to make it all seamless, but the more work that is put into these technologies, the better we can automate these contracts. An AI machine could assess damages much faster than a human, and several of them could import their results to a smart contract for an aggregated consensus. It’ll be a step by step revolution rather than instantaneous. We will start with some of the ones that are already happening, like with defi insurance and farm insurance, that are easier to build.

Humans + Machines at the moment are the best, so there can always be some layer of involvement, but basically if you can get a stream of data into a smart contract, it should be.

A car crash in a remote location is probably much farther down the road (no pun intended). A farmer not getting enough rainwater is right around the corner.