Why Do Insurers & Financial Institutions Need Tokenization?
Tokenization is the process by which real-world assets are converted into blockchain-based tokens. Why do insurers need tokenization?
Blockchain Technologies
Blockchain technology is a structure that stores transactional records, also known as the block, of the public in several databases, known as the “chain,” in a network connected through peer-to-peer nodes. Typically, this storage is referred to as a ‘digital ledger.
A Blockchain is a chain of blocks that contain information. The data which is stored inside a block depends on the type of blockchain. For Example, A Bitcoin Block contains information about the Sender, Receiver, number of bitcoins to be transferred. The first block in the chain is called the Genesis block.
Blockchain Technologies for Cryptocurrencies and NFTs. Market Size Forecast by 2025
Blockchain is one of the trending technologies in the world, with the highest number of social media mentions in the Supply chain, Payments, Cryptocurrencies, NFT and Smart Contracts
How Industries Benefit from Blockchain? 6 Implementation Examples
Blockchains are typically managed by a peer-to-peer network for use as a publicly distributed ledger, where nodes collectively adhere to a protocol
Marine mutual insurers and P&I Clubs are planning rate hikes for 2025, driven by rising claims and inflation pressures. Marine mutuals are under growing pressure
Hurricane Helene’s recent destruction underscores the rising flood risk impacting local economies and tax bases in the Eastern and Southern United States
Changes to reinsurance-related capital requirements proposed by the Australian Prudential Regulation Authority strengthen Australian general insurers’ credit profiles
European insurers' ratings will remain unaffected by the proposed capital surcharges on fossil fuel-related assets, according to EIOPA