In some sectors such as banking or insurance, data is flowing between companies and regulators to be able to provide appropriate services to customers. Exchanging data between untrusted parties turns out to be a painful and complicated process, especially because strong regulations exercise caution regarding which kind of data is being transferred between entities.
In this context, it is hard to ensure that an individual's information can be shared properly, in accordance with laws and without friction. For instance, in the case of insurance, customers have to deliver attestations and certificates provided by third-parties institutions such as their unemployment agency, medical practitioners, school administration, or governmental bodies to prove the occurrence of a given event.
Blockchain can erase the friction, in this process, by allowing the exchange of...