Blockchain is the technology upon which a validated and shared record of transactions and/or events is based and which, together with existing widely accepted technologies for data capture and analysis, offers itself as a decisive platform for generating value in the insurance sector. This report explains blockchain technology together with some of its current uses. It also presents an example of an insurance product that could benefit from this technology with the aim of providing some context for the aspects to consider when launching a prototype.
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Blockchain and insurance
This report explains blockchain technology together with some of its current uses.