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Blockchain will empower the future of insurance



Controlled change

Insurance is a paper business, with ever-changing conditions and the detection of fraudulent claims requiring transparency and interconnectivity. In this video we explain blockchain technology as a process optimizer, but for insurance companies it also has a role to play in the automated offering of insurances. Now that services are increasingly offered and consumed digitally it has become more important for parties to rely on insurance contracts to be provable and to be offered instantaneously. Blockchain technology can realize these benefits by allowing multiple parties to verify the existence of an insurance contract without human intervention, increasing speed in existing process flows that now require manual intervention.

Blockchain Starter