Despite being a natural-use case for blockchain technology, travel insurance products offered via blockchain are likely a number of years away in the U.S. due to insurance being highly regulated, industry experts say.
Blockchain "definitely will have a place in travel insurance," said Ryan Brubaker, chief information officer and executive vice president of operations at travel insurance company Seven Corners. "As far as the capabilities, there's really numerous areas where blockchain will change the insurance business and the travel insurance business."
When most people hear "blockchain," they think about cryptocurrencies like Bitcoin or Ethereum. And while blockchain is the underlying technology behind cryptocurrency, it is its own technology with many other uses.
At its core, blockchain is an immutable ledger that records transactions and tracks assets, some tangible like cash and some intangible like patents or copyrights. The ledger is replicated, shared and synchronized, giving...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...