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Blockchain Applications in the Insurance Sector

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  • Blockchain Applications in the Insurance Sector

    Giant players in the insurance sector, such as Swiss Re and Allianz, are already in the process of developing blockchain technology-based insurance solutions. Take a look at how it redefines the insurance industry processes like client onboarding and underwriting.
    Blockchain essentially is a digital ledger that records events in a distributed, shared, and immutable manner between different stakeholders. It requires the consensus of the participants to make alterations in recorded transactions in the network. Nobody can erase the information once stored on the blockchain. It contains a verifiable and validated record of every transaction … Continue reading "Blockchain Applications in the Insurance Sector"