Analysis on the Application Prospect of Blockchain Technology in the Insurance Industry
With the help of the technical characteristics of blockchain,such as decentralization,openness and transparency,asymmetric encryption,and immutable manner,putting blockchain into various application scenarios of insurance technology can promote the transformation of technology insurance business process and business models.This paper firstly introduces the technical principles of blockchain.Secondly,it starts from the pain points of the insurance industry,and puts forward the solutions of existing problems.Finally,this paper introduces the application scenarios of blockchain,and explores the opportunities and challenges faced by the future applications of the blockchain in the insurance industry.
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