Blockchain is currently in a typical hype cycle that accompanies new, promising technologies.
Until it matures, there will be a tendency to use the blockchain hammer for any inconvenient nail in insurance. In fact there are some uses for which it is well suited and others cases in which different automation is the superior choice.
Insurers that want to understand the difference have two tasks. First, obtain a conceptual understanding of blockchain to gain a clear view of the opportunities it presents. Second, invest in testing those activities with high value, specific business scenarios.
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