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Blockchain For Dummies, 3rd Edition
book

Blockchain For Dummies, 3rd Edition

by Tiana Laurence
April 2023
Beginner
272 pages
6h 28m
English
For Dummies
Content preview from Blockchain For Dummies, 3rd Edition

Chapter 14

Insurance

IN THIS CHAPTER

Bullet Building new business

Bullet Tailoring individual insurance

Bullet Creating new insurance markets

Bullet Cutting costs in unexpected ways

Blockchain insurance technology is situated to change how individuals and companies buy and obtain insurance coverage, and it’s being tested by companies you may know, like Toyota. You need to understand the implications of these new technologies that are just now on the horizon.

In this chapter, I explain how these new technologies work and their core limitations. I show you how Internet of Things (IoT) devices will collaborate with insurance providers. I also describe how self-executing blockchain contracts will shape policies and company structures.

This chapter prepares you for the fundamental changes in technology that may shift the burden of proof. After reading this chapter, you’ll be able to make more educated decisions about blockchain-based insurance coverage and payments. You’ll understand how the cost of coverage will affect you and the different types of coverage that will become available to you in the future.

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Publisher Resources

ISBN: 9781394159666Purchase Link