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Disrupting insurance with Blockchain

The insurance industry is all set to be disrupted with the advent of Blockchain technology. Also called a distributed ledger, a blockchain is a ledger of digital transactions that is distributed geographically across multiple entities or nodes in a network. Blockchain has the potential to redefine the way the insurance business is currently conducted. In the context of a growing push for the adoption of this emerging technology, this paper discusses the challenges and opportunities it presents.

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