Blockchain Will Change The Insurance Industry

When the internet started to gain widespread commercial use in the early 1990s, few could have predicted the massive shift that it would have on our lives. Its power has been harnessed in just about every corner of industry and commerce, significantly improving the flow of information in many respects, while at the same time, creating a host of security and privacy issues. Now, a new technology, which sits atop the internet, has the ability to cause a seismic shift in how we interact with data, and will most likely meaningfully impact virtually every person and industry. Blockchain has been called, "transformative" "and "revolutionary" for good reason. And perhaps no industry will be better able to leverage its benefits more than the data driven insurance industry.