Follow along as Valkyrie's Head of Portfolio Management, Bill Cannon, highlights a notable "byte" from the markets each week.
Blockchain’s ability to create trust in a trustless ecosystem through the use of public ledgers and fortified cybersecurity protocols has positive implications for the insurance industry’s future growth.
Bill's Byte:
The insurance industry is going through an interesting and necessary transition to digital technology with blockchain. This digital innovation enables the industry to automate operations and data processing, improve security protocols of transactions, fraud and claims while also expanding scalability of non-traditional coverage offerings.
Blockchain’s ability to create trust in a trustless ecosystem through the use of public ledgers and fortified cybersecurity protocols has positive implications for the insurance industry’s future growth. Along with artificial intelligence and big data, the potential that utilizing blockchain in insurance will unlock hinges upon three unique features in particular.
Each article reviews the current innovation underway using blockchain technology, as well as short summaries on well-known insurance companies already implementing use today.
