Insurance And Regulatory Hurdles To Blockchain Adoption
By Brian Scarbrough and Justin Steffen ( September 13, 2017, 2:18 PM EDT) -- The blockchain craze is in full swing with diverse companies ranging from financial intuitions to auto manufacturers all seeking to utilize this exciting new technology. Blockchain, a type of distributed ledger technology (DLT), refers to a database that is shared across a network and was originally designed to record transactions of the cryptocurrency bitcoin.[1] Blockchain, however, has grown well beyond its cryptocurrency roots, leading proponents to suggest that the technology can aid in everything from securities settlement to voter registration to supply chain tracking. The excitement for enterprise uses of blockchain technology is palpable. But will insurability and regulatory issues derail this momentum? Not if institutions seeking to deploy this technology recognize the risks....
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