BLOCKCHAIN ON INSURANCE INDUSTRY

Blockchain is carving its way to all businesses worldwide, and there is a reason: it is light, fast, smart, and cheap. It is about time for an impact of blockchain in insurance, following new exciting and thriving achievements in another commercial spheres, from healthcare and logistics to the real estate.

The leading edge logistics companies like Maersk, ZIM and DHL have already embraced blockchain for their complex operations. Per ZIM, a shipment of a container from central Africa to Europe can go through over 30 middlemen, and each step can introduce a mistake. This possibility is successfully beaten by blockchain, decreasing the misshipments and deviations by 65%.

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