Book Image

Blockchain for Business 2019

By : Peter Lipovyanov
Book Image

Blockchain for Business 2019

By: Peter Lipovyanov

Overview of this book

Blockchain for Business 2019 is a comprehensive guide that enables you to bring in various blockchain functionalities to extend your existing business models and make correct fully-informed decisions. You will learn how decentralized applications are transforming numerous business sectors that are expected to play a huge role in the future. You will see how large corporations are already implementing blockchain technology now. You will then learn about the various blockchain services, such as Bitcoin, Ethereum, Hyperledger, and others to understand their use cases in a variety of business domains. You will develop a solid fundamental understanding of blockchain architecture. Moving ahead, you will get to grips with the inner workings of blockchain, with detailed explanations of mining, decentralized consensus, cryptography, smart contracts, and many other important concepts. You will delve into a realistic view of the current state of blockchain technology, along with its issues, limitations, and potential solutions that can take it to the next level. By the end of this book, you will all be well versed in the latest innovations and developments in the emerging blockchain space.
Table of Contents (17 chapters)

Blockchain and insurance

The insurance industry doesn't seem to be as vulnerable to technological disruption as traditional banking. Insurance is a highly specialized business where risk assessment and the ability to pool a large number of insurance contracts with similar risk profiles is a critical success factor that is difficult, but not impossible, to replicate automatically in a decentralized P2P marketplace. Hence, P2P and decentralized insurance underwriting are way more complex to implement than traditional banking.

On the other hand, the advent of blockchain technology represents a potentially great source of efficiency and innovation for insurers. And this time, the incumbents are not too late for the party!

Some insurance companies are already taking advantage of blockchain technology to position their businesses for success and increase profitability.

For example...