The Smart Insurance Contract on Blockchain – hype or reality?
An insurer once asked me: “Rick, will the blockchain replace insurance as we know it?”. My tongue-in-cheek answer was “No, not entirely!”. The truth is that nobody yet really knows how far insurance can go with blockchain technology, but that doesn’t stop it being one of the hottest topics for the industry right now.
Hype or reality? First, some context…
Last September, the World Economic Forum published a report entitled, “Deep Shift – Technology Tipping Points and Societal Impact”. The report is based on surveys with over 800 executives and experts about new technologies and innovations. The point of the report is to identify deep shifts in society that result from new technologies. These include areas such as 3D printing, driverless cars, wearables and artificial intelligence.
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Rick Huckstep
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Rick Huckstep
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