Nope, id say its had paint work and the clear coat hasn't taken thats why its flaking off.
Nail varnish (clear) brushed on around the edge to seal it.
You could polish it to blend it in, but that'd need resprayong/relacquering sadly.
What options are you thinking of bud? Want to try and make it look the best possible.
I wasn't saying it'd defiantly work, but it'd be my first port of call to try and hide it.
it doesn't have to have monumental cut, something the likes of srp should do to smooth the edges