Realising the real world potential of blockchain

'Personalisation without sacrificing privacy'

clock • 5 min read

With decentralised data executing smart contracts, blockchain could radically change the way that the insurance industry works

When we think about blockchain, most people think about its application in the world of cryptocurrency and its use in trading bitcoin. The technology is about decentralisation, about removing the need for an intermediary, whether that intermediary is PayPal or a bank. As insurance companies typically act as intermediaries and as the place where capital is used to fund risk, its use is not immediately obvious. Various evolutions which have been taking place in the life and health sectors should change that. First generation solutions such as death benefits or separate life and health line...

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