Blockchain

While electrons move at the speed of light, many systems remain limited to the speed of bureaucracy. Blockchain will change that.

There is good news and bad news. The solution is to align insurance with engineering on a shared database.

Blockchain brings into doubt the effectiveness of the most fundamental foundation of commerce today: double-entry bookkeeping.

Mutual distributed ledgers, enabled by blockchain, are changing the nature of trust in financial services, with profound implications.

The message is getting out that blockchain can allow for a central database, at a time when people are rethinking wholesale insurance.

Given the surge in interest in blockchains, here are some definitions and some speculation on the likely (vast) impact on insurance.

Despite all the uncertainty, blockchain is one of the hottest topics in insurance. Let's take a look at the direction this puck is heading.

Blockchain technology has been slow to enter the Zeitgeist but has the potential to transform the very essence of how insurance operates.