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Study: How Bitcoin Could Transform Personal Insurance
A new paper explores how Bitcoin could transform the way we manage personal life insurance. Namely, the blockchain could provide a global, secure and public record of personal health information. In a 51-page report, the research group Long Finance described a range of potential areas where the blockchain could come in handy in the insurance sector. The London-based initiative “holds hope” that these applications could aid consumers. From August to November, the Z/Yen Group asked financial service professionals, cryptography experts, and regulators about the blockchain's “potential relevance” to insurance. Their insights fill the report. The paper was co-authored by Professor …
Blockchain / Jan. 2, 2015