Blockchain Use Cases For Carriers Beyond Proof Of Insurance

Insurers are beginning to answer questions around how and when blockchain will be fully utilized in the industry, as multiple organizations continue to launch new proofs of concepts to test out the ledger technology. The majority of early-stage pilots in insurance have focused on providing instant proof of coverage for customers. Industry consensus says that proof of insurance on the blockchain offers automation, heightened security and a guarantee that shared information will not be tampered with.