Blockchain in insurance : guiding the hammer toward the real nails

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<subTitle>: guiding the hammer toward the real nails</subTitle>
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<abstract displayLabel="Summary">Insurers have significant opportunities with a common, secure ledger for business transactions.Blockchain offers an immutable audit trail that promises to reduce costs, collapse time, and increase service. 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.</abstract>
<note type="statement of responsibility">Mike Fitzgerald</note>
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<text>October 3, 2016 ; 5 p. </text>
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