Blockchain is coming to the Insurance Industry.
Blockchain is a decentralized ledger on a P2P network.
Think of it as a “network database” on the internet.
Bitcoin is a currency based blockchain.
You can send money anywhere without going through
the banks and the swift system.
Etherium is an application which is based on smart contracts
attached to the blockchain.
In other words, now we can code P2P apps based on
smart contracts which are fully monetized.
This is going to hit many industries.
What does this mean?
No middle man.
First P2P Insurance Company.
Look at the video on this website.
Cost reduction to 25%.
This means P2P Healthcare Insurance is coming soon.
It won’t be governed by the state or fed which means it can
offered cross state. No different than me walking into
a doctor’s office with cash and saying I’m a private patient.
Price of Etherium was $10 per coin 2 months ago, now its $13.50
2nd largest market cap after Bitcoin. This is the new wall street.
