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Consumer Benefits Of Adopting Blockchain Technology In The Insurance Sector

June 14, 2019 Leave a comment


Blockchain is a shared, distributed ledger with non-repudiation of transactions that can work in the absence of trust across a peer-to-peer network. Blockchain technology has the capacity to deliver wide-ranging benefits to humanity that are obfuscated by the charged debates on cryptocurrencies these days. Applied to insurance,blockchain technology opens the door to many positive developments for consumers,such as: Read more of this post

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Filed under Paper Assets, Tool Kit Tagged with blockchain, claims reimbursements, Insurance, Peer-to-peer insurance, postaday, smart contracts, Usage-based insurance

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