How insurance could be a major beneficiary of the technology.
Blockchain is considered by some to represent the next technological revolution after the Internet. In fact, the idea of a decentralised, secure and transparent ledger distributed among users can be relevant to many different fields. The insurance industry, with its highly complex processes, could be a major beneficiary of the technology.
By removing intermediaries in a new type of arrangement, blockchain technology could completely upend the insurance value chain.