You may have heard the terms “blockchain” or “Bitcoin” used in tech circles over the past few years. These concepts, along with powerful use cases, are changing how we think about currency, transactions and contracts. In the process, they’re also changing how we think about the insurance industry.
These changes will have an impact on insurance carriers and agents, as well as how insurance is bought and sold. That means understanding blockchain and Bitcoin is important if you’re looking to win in the modern insurance industry. This post has you covered. It provides definitions of blockchain and Bitcoin, then breaks down why this information is important to insurance industry professionals.