Bitcoin Forum

Finance and insurance are two of the industries most affected by blockchain technology.

A number of major financial and banking institutions are beginning to offer digital money transfer services. Although Jamie Dimon has made some critical comments on the validity of the number, JPMorgan will still open a number of cash desks.

Insurance is judged to be a hotspot when complex claim handling and complex multi-stakeholder engagement, such as empowerment, will reveal the value of business automation based on public blockchain in the insurance industry.

I think this technology is very good for finance industry. All major banks, financial institutions will want to take benefit of blockchain in the future.

And they're in the development already, so they really want the blockchain technology, to reduce their running costs (and to gain more profit as a result)... If the major insurance companies are telling that they're not working on a blockchain system, the reason can be that they're trying to cooperate with fintech companies to adopt an already developed solution (via cooperation or they're just buying the small fintech company with the patents too).
The technology will change the financial and the insurance market, the only question is the timing, but according to the fintech workshops and fintech conferences, the process has already started, slowly but surely

Just let me tell you that the insurance markets are really changing right now.

Take a look at Insurepal, i am not sure if am writing the name correctly, it has been shilled out by John McAfee too, but it is a good ICO and it is going to change a lot of things.

Finances, well, we do not have anything to talk about since almost all the ICO's are relaying over finances right now.

financial and insurance can be the biggest target for starting bitcoin adoption business ,, and I'm sure if many big companies enter for bitcoin adoption, this can be a turning point for bitcoin to start increasing its price again, because it will be very pronounced to begin adoption, ..