blockchain in insurance industry

Blockchain in insurance industry. Is it possible to make it better?

The insurance industry, despite paying huge premiums, experience big problems with high financial losses. Poor data quality, low efficiency of business processes and multitude of scams are one of the biggest difficulties. Access to blockchain technology will help to eliminate some of problems and slightly modernize the industry. How? Through decentralization, transparency and increase of security, reducing transaction costs and time of its duration. Continue reading