Understanding Blockchain Technology And Insurance Applications-Understanding Blockchain Technology And Insurance Applications

Video Transcription

Video Summary

The webinar on Understanding Blockchain Technology and Insurance Applications presented by Lillian Coulson introduces the basics of blockchain, its types, and functionality using encryption algorithms and distributed ledgers. The significance of blockchain in addressing trust issues and combating fraud in industries like diamonds was discussed, with examples from companies like Everledger. The potential impact of blockchain in revolutionizing various industries through secure and efficient transactions was emphasized by the presenters, who also discussed industry consortiums like B3i and the Enterprise Ethereum Alliance working together on blockchain solutions. They express optimism about the rapid integration of blockchain technology in everyday interactions. The collaborative and consensus-based nature of blockchain, its benefits in transparency and efficiency, and the theoretical challenges it poses were also highlighted. The webinar concludes with the importance of continued exploration and learning to maximize blockchain's potential across diverse industry sectors.

Asset Caption

Date of Publication: December 5, 2017
Duration: 73 minutes

Blockchain is the technology that bitcoin and other crypto currencies run on. This webinar presents the fundamentals of blockchain and its potential implications to the insurance industry.

Meta Tag

Module Inland Marine Insurance Industry

Keywords

blockchain technology

insurance applications

Lillian Coulson

encryption algorithms

distributed ledgers

trust issues

Everledger

revolutionizing industries

industry consortiums

secure transactions

efficient