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The 5 Kinds of Blockchain Projects (and Which to Watch Out For)
Consider, for example, how a car insurance blockchain could store policy details and contract rules and automatically process third-party claims, improving efficiency and reducing fraud; or a hospital blockchain could capture medical records and share them on-demand with authorized providers; or a blockchain could capture the custody trail of French wine all the way back to the vineyard, or diamonds to the mine, reducing counterfeiting.
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Five hurdles blockchain faces to revolutionise banking
There are many versions of public blockchains in existence, but the majority of them share a basic premise: they offer a secure, decentralised infrastructure to maintain a “single version of the truth”, recording all changes made on the blockchain database since its formation.
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Blockchain offers the law “enormous opportunities”
A former corporate solicitor with PricewaterhouseCoopers Legal LLP and now inaugural vice-dean (innovation) at University College London’s law faculty, Dr Donovan said in an accompanying paper: “DLT offer[s] enormous opportunities for the legal services sector.
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The great integration of data, technology and services
This is changing, thanks to telematics. Companies such as Amodo, an insurance technology company, for example, facilitate recording driving behaviour via a black-box or smartphone app. Insurers can then offer motorists bespoke cover as well as advice on better driving.
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Businesses turn to blockchain for answers
Patients can upload comprehensive medical records on to Medicalchain’s Hyperledger Fabric blockchain, which allows them to access their health history to use with new doctors or while travelling.