Blockchain Utilization Increasing in the Insurance Industry

Blockchain has the capability to help improve the insurance industry in a number of ways specifically lowering costs and helping to process claims; P2P insurance platforms are already taking advantage of blockchain’s capabilities; Dynamis is one leading example, recently receiving a $2.6 million investment for their P2P insurance platform built on blockchain; according to TechCrunch other areas of the insurance market likely to utilize blockchain include parametric insurance and microinsurance.  Source

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