Blockchain and insurance: Is there still life in this tech solution after B3i entered into insolvency?
Blockchain was touted as the technology that could revolutionise the insurance and reinsurance industry. Yet, in July, the high-profile blockchain consortium B3i entered insolvency after it failed to raise funding. Martin Friel explores what went wrong, and asks if this is a blip or sign that it was never meant to be.
Experts concluded: “Blockchain technology, by design, is ill-suited for pretty much any purpose currently touted as a current or potential public benefit. Despite more than 13 years in development, it
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