Blockchain in Insurance: Analysis, Outlook and Insights, 2017
Blockchain is fundamental to Bitcoin crypto currency and is digital ledger where transactions are verified and then stored publically in a chronological fashion. Blockchain stores dynamic and static transaction records without needing any sort of central coordination, all while continuously ensuring the validity of every transaction. Every user needs verification to gain access to the database and is then given complete authority once access is granted. In addition, the system is immutable i.e. a record or function once set cannot...
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