Blockchain is consistently hitting the headlines! Yet, there seems to be many who struggle to understand it. With the huge investments and activity behind blockchain, in the global insurance market, it seems it may arrive very soon. A big learning curve for many to come?
“For the incumbent financial services institutions there is a real challenge right now to digitalize all of their operations. The urgency of doing that is becoming more and more obvious every day as we see the open sourcing of FS with institutions using apps API, Analytics, Blockchain, Mobile – all the technologies that are currently enabling FinTech companies to open source everything. If a bank does not step up to that challenge then it will disappear”, Chris Skinner CEO, The Finanser and Author, ValueWeb, said in a statement.