Almost all the early stories about Blockchain adoption were about Banks. Blockchain platforms and solutions providers are now seeing even more interest from Insurance. This research note looks into the reasons why and analyzes the second order impact of this change which will dramatically change Insurance & Reinsurance as well as the Wealth and Asset Management business and Marketplace Lending.
The Provenance use case for Blockchain
The use case for Insurance that has been understood for some time is Provenance. This affects assets such as jewelry, art and antiques where it is critical to know that the “asset is what the customer claims it is”.
