Ethical Dilemmas and Social Implications of Decentralized Insurance

This chapter scrutinizes the ethical quandaries and social ramifications inherent in decentralized insurance. It dissects ethical issues like privacy protection, transparency, smart contract vulnerabilities, liquidity mining, access bias, data integrity, fraudulent activities, and systemic risks. It explores how decentralized insurance can catalyze social integration, community engagement, resilience, environmental sustainability, global coverage, niche markets, and consumer-centric models. Understanding ethical & social implications is pivotal for crafting inclusive, adaptable, and sustainable insurance solutions within the decentralized landscape. This Chapter’s Learning Goals