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Does Smart Contracts Work for India Inc.?

The concept of ‘smart contract’ was introduced by Nick Szabo, an American cryptographer and computer scientist in 1994. But, only after blockchain became widespread in 2008, people understood practical applications of smart contracts.  A smart contract is a computer protocol (set of rules) that digitally facilitates, verifies, and enforces the negotiations between two parties. It […]

Can Distributed Ledgers Accelerate Insurance Workflows?

The years 2018-19 are the banner years for the US$ 5.17 trillion global insurance sector. However double-booking, counterfeiting, and premium diversions through unlicensed brokers still throb insurance companies. And one of the prime reasons for such unethical activities is the lack of tight coupling between stakeholders. A simple solution to these challenges is distributed ledgers- a […]

5 AI Trends Reshaping the Insurance Sector in 2019

NewVantage Partners Executive Survey 2019 report states- 92% of the C-Level Executives are increasing their pace of investment in big data and AI. Artificial Intelligence brings forth revolutionary benefits to enterprises like personalization, automating customer interactions, real-time assistance, and much more. Here are 5 flourishing artificial intelligence trends in insurance. #1 Data from Smart Devices […]

How blockchain is disrupting businesses?

Do you mostly buy from your ‘favourite’ local store? What if all the outlets of your favourite store knew your shopping habits and preferences? Provided your data is kept secure along the transaction chain, are the promise of hyper-personalization and ultra-high convenience worth the trade-off?  Thankfully, this isn’t hypothetical. Companies using blockchain or distributed ledger […]

The dark side of Bitcoin/Cryptocurrency

What is Bitcoin/Cryptocurrency? “Cryptocurrency is a digital currency that is managed by using one of the most advanced encryption techniques called cryptography to secure its transactions. Bitcoin was the first decentralized cryptocurrency which was created in 2009.” Bitcoin is crushing the markets with its high evaluations and a lot of interest from general people. It is not the only one, […]

Insurance sector is getting renovated with these technologies

After the entry of technologies in finance sector – FinTech. Insurance sector is ready to make a buzz about it. The term – InsurTech, a combination of words insurance and technology, as a segment is sure to gain the attention of innovators in the coming years. Artificial Intelligence, Machine Learning and Blockchain technologies will be […]

Business Applications of Blockchain

What is Blockchain: A distributed ledger – It tracks ownerships through historical assets and identities – and everyone has a copy. Unique Tokens – long numbers are tracked through the ledger Anonymized Processing / Mining – transactions are processed through miners. Immutable, encrypted, pseudo anon – and they are immutable once they’ve happened, and are […]

What is Blockchain Technology?

“Bitcoin is just one example of something that uses a blockchain. Cryptocurrencies are just one example of decentralized technologies. And now that the Internet is big enough and diverse enough, I think we will see different flavors of decentralized technologies and blockchains. I think decentralized networks will be the next huge wave in technology. The […]

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