The wide spread of technologies almost killed cash on one hand and the anonymity of mutual settlements — on the other hand. (coinstaker.com)
They take car insurance because it is compulsory (third party), but the claims procedure is so cumbersome that people tend to forgo the claim and instead settle for mutual settlement. (myinvestmentideas.com)
Mutual settlements in the system are also built based on blockchain technology, which makes them instant and secure. (links2exchange.net)