The insurance industry is using blockchain for its own transactions while considering how to insure blockchain transactions for their clients. (Photo: iStock)

We live in a time when technology is enabling us to work more efficiently by leveraging big data for financial gain and increased quality of life. While this could be said of any decade over the past 50 years, some believe we're on the verge of a technological renaissance that will dwarf all prior decades, leading to an increased ability to create wealth, significantly reduce accidents and eliminate diseases.

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