The Surprising Simple Ways Blockchain Makes Insurance Easier : Risk & Insurance

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These use cases demonstrate the big efficiency and cost-saving potential of blockchain technology.

Blockchain technology — despite the number of times it appears in headlines or on conference agendas — is still not well-understood by many in the industry. And its technical definition as a “decentralized distributed ledger” doesn’t provide much clarification for the less tech-savvy among us.

The CliffsNotes version: blockchain provides a central place to store shared data (like policy…

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