An insurance company wants to automate claim payouts for flight delays. They already have a flight tracking system and a payment processing system. What is the most effective way to integrate a smart contract into their existing workflow?

Replace the flight tracking system with a decentralized oracle network.

Use an oracle to feed flight delay data from the existing tracking system into the smart contract, which then triggers the payment system.

Have the smart contract directly access the payment system's API to execute payouts.

Store all flight data on-chain and manually verify each claim before payout.

EC-CouncilBlockchain Business Leader Certification

Domain 4Objective 4

Smart Contracts and dApp Design for Business BBLC Practice Questions (Page 10)

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An insurance company wants to automate claim payouts for flight delays. They already have a flight tracking system and a payment processing system. What is the most effective way to integrate a smart contract into their existing workflow?
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Smart Contracts and dApp Design for Business BBLC Practice Questions (Page 10)

Questions 46–46

An insurance company wants to automate claim payouts for flight delays. They already have a flight tracking system and a payment processing system. What is the most effective way to integrate a smart contract into their existing workflow?

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